Short-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, wave (x) of ((ii)) ended at 2.679, and...
Cooper Tire shows recurrent pattern and is in the habit of bouncing around $25.00 and reversing back at $41.00 every few months. It's about to cross the MACD with RSI only in the middle. There is resistance at $35.
Cooper tire might bounce around $28.14 and has previous support at $29.30 and $30.50. There is a strong trend and an upcoming wedge.
Similar to last time the HG touch below the 2.55 area: trade some time below, get momentum and break above, trending higher. Looks similar right now. The trade setup is good because the stop is clear.
The exchange rate moves in a double falling wave system. The ATR data shows that the decline will slow down. Therefore, the first half of the double wave structure may be a whole wave, after the correction the second part is expected to be half a wave. The target for this reduction is 2.4093
The rising wedge forming on XCUUSD is to be treated as a continuation pattern. Wait for the break of the wedge with a 4hr close below.
We can clearly see the relationship of the Shanghai composite and its copper future, as the price is greatly affected by the beginning of the war Trade / USA / China // , in the chart I have highlighted the beginning of this event, and also the main base below the Shanghai Composite price., trend. There is also mention of the almost instantaneous effect in the...
below weekly cloud rsi weakening stoc crossed down money flow going down cci and percent r going down china may be slowing
This is a follow up of the last elliott wave analysis published 8 months ago www.tradingview.com The basic change is in the extended 5th. The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals. So the best way to update it is by...
Closing the gap (red circle) could potentially be a point of retracement. The GAP PRZ around 78.6 is marked with red rectangle. However harmonic bat for bullish move is lower @3.04 with nice structure support. Possible drop to 3.00 is not out of the question.
Cooper failed to make new high. Pulled back on strong structure res. Ret. to 23.6, expected more, 38.2