copper short1h time-frame:
end of 5th wave.
MACD and RSI sell signal.
fibonacci price levels created a strong price cluster.
4h time-frame:
end of wave C.
bearish engulfing candle with trigger.
Coppershort
Copper is approaching support, potential bounceWe caught the reversal nicely. Currently prices are approaching our first support where we could see a bounce above this level. The Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper is approaching resistance We caught the reversal nicely. Currently price is facing bearish pressure from our first resistance where we remain bearish below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is approaching resistance Price is facing resistance where we could see a reversal below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper SHORT; Gold / Copper and Wall Street's mass delusionCOMEX_MINI:QC1!
Like the title says; SELL it - SHORT!
Regarding Wall Street's conviction, the "check mark shaped recovery" and other tall tales ...
.... this is the summary post.
... and here is their "Copper delusion"
Let's try Reality! ...
... Shall we?!
The original Gold / Copper Ratio post
Copper is facing bullish pressurePrice is facing bullish pressure from our first support where we could see further upside above this level.
Trading CFDs on margin carries a high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is facing bullish pressure Price is facing bullish pressure from our intermediate support where we remain bullish above this level. Ichiomku cloud is showing signs of bullish pressure as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is facing bearish pressure, potential reversal Price is facing bearish pressure from our first resistance in line with our 50% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target. Stochastics is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper reversed off resistance, potential for further dropPrice is facing bearish pressure from our first resistance in line with our 38.2% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance in line with our 38.2% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is facing bearish pressure
Price is facing bearish pressure from our first resistance in line with our 38.2% fibonacci retracement and descending trend line, where we could see a further drop to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper- break below downside confirmation sees more downsidePrice is facing bearish pressure from our first resistance where a break below our downside confirmation level could trigger a further drop to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper seems to be losing steamCopper daily chart seems to be losing steam as momentum failed to touch the overbought level as the price made new highs.
The risk to reward favours a short setup.
Red line - Stop level
Green Line - Target level
Copper a break below support could trigger a further dropPrice is facing bearish pressure from our first resistance in line with our 23.6% fibonacci retracement descending trend line and horizontal pullback resistance where a break below our downside confirmation level could trigger a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is facing bearish pressure, potential for further dropPrice is facing bearish pressure from our first resistance in line with our 23.6% fibonacci retracement and horizontal pullback resistance where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is facing bearish pressure, potential reversal Price is facing bearish pressure from our first resistance where we could see a drop below this level to our first support target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper is testing support, potential bounce We caught the bounce nicely from our first support and remain bullish above this level. Price is facing bullish pressure from our first support in line with our 38.2% fibonacci retracement, 127.2% fibonacci extension and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias.
Gold is facing bearish pressure Price is facing bearish pressure from our first resistance, in line with our horizontal overlap resistance, 61.8% fibonacci retracement and 78.6% fibonacci extension, where we could see a further reversal below this level. A break below our downside confirmation level could see a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Copper could see further downside to our first support target Price is facing bearish pressure from our first resistance, in line with our 78.6% fibonacci extension and horizontal swing high resistance, where we could see a reversal below this level, towards 1st support at 2.96299. Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper is approaching resistance, potential reversal!Price is facing bearish pressure from our first resistance, in line with our 78.6% fibonacci retracement and 127.2% fibonacci extension, where we could see a further downside from here towards 1st support at 2.92429. Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Copper Daily; Still a Massive SHORT! - And has been since ...... since this post:
and this post:
and this post:
... and so on.
Many of you asked "what is our single largest current position?". That's easy: Short Copper. (and WTI Crude)
