CopperPair : CU - Copper
Description :
Completed " 123 " Impulsive Waves
Bullish Channel in Long Time Frame
Break of Structure
RSI - Divergence
Impulse Correction
Coppertrading
Copper CUPair : Copper - CU
Description :
Completed " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Impulse Correction
Rejection from Daily Resistance
CopperPair : Copper - CU
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves at Daily Resistance
COPPERPair : Copper - CU
Description :
Completed " 1234 " Impulsive Waves
RSI - Divergence
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
COPPER Pair : Copper
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
Fibonacci Level - 78.60%
COPPER Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame and Breakout the Upper Trend Line and Completed the Retracement
RSI - Divergence
Double Top as an Corrective Pattern in Long Time Frame and Rejection from Daily Resistance
Break of Structure
COPPER - CU 31/01Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " A " Corrective Waves. Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement. Rejection from Fibonacci Level - 78.60% / 100.00%
Copper - CUPair : Copper - CU
Description :
Completed the Breakout of Lower Trend Line of the Corrective Pattern " Bullish Channel " in Short Time Frame. " 12345 " Impulsive Waves and " AB " Corrective Waves will be completed at Fibonacci Level - 78.60%
COPPER 13/01Pair : Copper - CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line. Completed " 12345 " Impulsive Waves and making its " A " Corrective Wave. We have LL - LH and Break of Structure
Copper 08/01Pair : Copper - CU
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame , Rejection from Lower Trend Line. Completed " 12345 " Impulsive Waves at Daily Resistance Level and making its " A " Corrective Wave. Break of Structure
Copper CU 22/12 Pair : Copper CU
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line. Rising Wedge as an Corrective Pattern in Short Time Frame with Strong Divergence and Break of Structure
Entry Precaution :
Wait for Rejection or Breakout
COPPER: Long term sell signalCopper is bullish on its 1D technical outlook (RSI = 59.350, MACD = 0.033, ADX = 19.471) as it is at the top of the 2023 Channel Down, but having failed to cross over it, opens the way for a big decline in the first quarter of 2024. As you can see the Channel Down that started last January looks very similar to the one in 2012/13. Both emerged after a Global peak and then rejection to an oversold 1W RSI bottom.
It is very interesting how similar the ranges are, both Channel Down bearish legs have been around -18.50%. We are turning bearish on the most optimal technical level and aim for another -18.50% decline (TP = 3.2500) or up when the 1W RSI gets oversold (under 30.000).
See how our prior idea has worked:
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COPPER 06/12Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Daily Demand Zone. Its Rejecting from the Resistance Level to make its Impulse Again. Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Lower Trend Line
Entry Precautions :
Wait for the Proper Retracement
Copper 30/11Pair : Copper - CU
Description :
Completed " 12345 " Impulsive Waves and " ABC " Correction in Short Time Frame. Making Impulse in Short Time Frame and " C " Correction in Long Time Frame. We have Falling Wedge as an Corrective Pattern in Short Time Frame.
Entry Precautions :
Wait for the Breakout or Rejection of UTL
COPPERPair : CU - Copper
Description :
Breakout and Retest of the Corrective Pattern " Bullish Channel " in Short Time Frame and Completed Impulsive Waves " 12345 " and " ABC " Corrective Waves at Daily Descending Trend Line / Resistance Level
Entry Precaution :
Wait for Rejection and Retracement
COPPER Pair : Copper - CU
Description :
Completed " 1234 " Impulsive Wave at Lower Trend Line of the Corrective Pattern Bullish Channel in Short Time Frame and it will Complete its " 5th " Corrective Wave at Demand Zone or Daily Descending Trend Line at Fibonacci Level - 61.80%
Entry Precaution :
Wait until it complete its " 5th " Corrective Wave and Reject
Copper 26/10Pair : Copper - CU
Description :
Completed " 123 " Impulsive Waves and it will make its " 4th " Wave at Fibonacci Level - 38.20% / 50.00%. Rising Wedge as an Corrective Pattern in Short Time Frame and Formed " wxyx " Corrective Wave and will make its " z " wave at Daily Descending Trend Line
Entry Precautions :
Wait until it Breaks UTL / LTL and Retest
COPPER - CU 20/10 MovePair : Copper - CU
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line and making its Retracement in a Corrective Pattern " Bearish Channel " in Short Time Frame. Completed Impulse and Correction " ABC "
Entry Precautions :
Wait until it Breaks and Retest UTL
Copper Next Move Pair : Copper CU
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line to Complete its Corrective Waves " ABC " after Impulsive Waves. Bullish Channel in Short Time Frame and Rejection from Lower Trend Line after " B " Wave
Precautions :
Wait until it Breaks Bullish Channel or Rejects from Upper Trend Line
COPPER: Neutral. Wait for a breakout.Copper is technically neutral, as also dipicted by the 1D outlook (RSI = 50.817, MACD = -0.013, ADX = 24.251) inside the HL trendline of the Bullish Megaphone and the LH trendline of the January High. This movement can only offer scalping opportunities.
If you want to commit beyond those, buy over the LH and target R2 on the medium term (TP = 4.1950) and sell under the HL and target S2 (TP = 3.5450).
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CU Copper Next MovePair : Copper CU
Description :
Bullish Channel in STF and LTF as an Corrective Pattern
Resistance Level
Fibonacci Level - 50.00% / 61.80%
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Break of Structure
COPPER: Best sell signal on a 1 month basis.Copper hit the top of the Channel Down pattern that started in mid January and got rejected straight away. The 1D time frame already turned neutral (RSI = 51.361, MACD = 0.023, ADX = 28.747) and if the price crosses under the 1D MA50 and MA200, it will give a confirmed sell continuation signal.
First target is the S1 (TP1 = 3.5525) and second near the S2 (TP2 = 3.3750). A 1D RSI Double Bottom inside its S1 support, will be the first buy signal.
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