Corrective wave on copperCopper is having a great bullish run for the last 2 weeks
It has shown some sign of weakness today.
Seems a corrective wave is coming
Look for this wave as mentioned in the chart
Best of luck
Xcu
Copper correction Copper is bullish for the last two weeks and will take a breathing time
Look for the good buying point entry next week
Best of luck :)
Copper looking to rise I have posted a chart on copper few days back with parallel channel but its seems that Copper has broken the channel
Which means one thing ...
The dump last week was a good correction and now we are back on the way up
The confirmation of this trend will be when the 0.5 fib level is broken
I will be looking for it tomorrow
Best of luck
PS: I am running 350 + pips channel with money back gurantee here and telegram. Send me a message if you want to be part of it.
COPPER FUTURES LONG 2018 - 2030Appears to be the bottom of a minor correction, Vix Fix indicator highlighted for confirmation + ABC consolidation pattern.
Very bullish on copper due to high demand for batteries in the next decade, from electric cars (some countries are banning gas-powered cars) to solar panel systems.
Demand for copper to proliferate between now and 2035-2040.
-Monitoring
Long term perspective on copper (Daily)Copper has a big drop this week which showed some clarification in this future action
I have made two parallel channels and from the trends you can see both long term and short term opportunities
Any comments are welcome
Another bullish week for copper Copper has a great week with great bull power
I think we will continue to see this ....
Look out for the black trend line and i think we will follow the pattern in the chart
Best of luck :)
Major support broken by xcuI recently published a bullish idea but yestreday a major support is broken by xcu which means only one thing ....:)
Everything mentioned in the chart
Best of luck
Update on XCUXCU seems to have finished the correction and on the way up
Look out for the break and then open long
Best of luck
XCUUSD: Copper Waiting for an Imperious Flare-up
Identification of trend
Marking pullbacks and consolidation zones
Identifying potential direction of the market
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Copper - a little bit risky short on dailySeems like it's still short situation on daily TF. SL above 2.6, target -- 2.3 or lower.
