Go long next daysGo long next days, we have a strong probability that the copper will rise approximately 8%.
QC1! trade ideas
Starting a long position for a swing Here i am starting a long position for a swing traders .
Take a loon please make sure you are in risk management . Be careful on lot size .
Bitcoin Copper7. 23. 22 I'm using Bitcoin and copper as examples of the same set up. You could do this with any market. It's a coincidence that I I've been posting videos on two different markets that happened to have the same type of reversal pattern. These patterns have associated risk and reward and probability. These markets are not oversold or over bought markets... which have their own probability and expectations. It's important to understand some of the characteristics I'm talking about. I think it's equally as important to recognize what kind of trader you want to be. Some Traders really need to be longer-term because it fits their lifestyle, their available time If their personality. It is actually better for them to not constantly look at the chart.
Copper Appears To Have Finished an ABC CorrectionCopper appears to have finished a perfect ABC correction that has terminated at precisely the 0.618 Fibonacci level. According to the Elliott wave model, copper should begin another five-wave move up of primary degree that eventually surpasses its March high.
There is one reason to be cautious, however. Copper still has bearish seasonality until August 15. If you bought copper on July 22 and sold copper on August 15 every year for the past ten years, you would have lost money for eight years (80%).
In general, I trust the Elliott wave model more than I trust seasonality but a historical win rate of only 20% is nothing to joke about. The current Elliott count will be invalidated if prices decline below the July 15 low of 3.1315. Risk should be tight, and the trade should be abandoned if prices drop below this level.
quarterly defined supportWhat about copper?
-Important support right here
What about silver?
-Important support right here
#stagflation
MR.COPPER .618 MAJOR SUPPORT 4 now Chart posted is that of copper . we have 3 legs now down in the bear market . a natural target for support as it hit a 618 at BEST you can look for an ABC or abc x abc up until aug25 to sept 2 then CRASH
Copper to $10+ by 2024. Easy. ~$4.50 today is fundamentally not the same as ~$4.50 in 2011 - the last time copper traded at these prices. QE was fresh off the block in 2011. today, it is standard operating procedure and although the fed talks a good game with tapering, we have yet to see any balance sheet reduction.
Looking at this monthly chart, I noticed an interesting double bottom that hits its' target before entering price discovery between 1999-2006. the pattern is not perfect but it looks really similar to copper 2016-2022. Double bottom, target reached around $4.30, and now we're off to the races - price discovery.
I think copper to $10 in under 2 years is a very safe bet. It doesn't threaten fiat as much as gold/silver and is manipulated less as a result. It is critical in many industries and the push for everything to go IoT will continue the increasing pressure on copper as well.
Let's see how this one ages.
Copper in free fall, but ...It is well known that due to the current circumstances of multifactors of the negative order, they are causing a Global crisis, which in turn cuts the industrial demand, clearly that happened in the past and is clearly illustrated in the last crisis ( "Subprime Crisis" ).
we have clear then the "high ceilings" and the "low floors",.
although there is copper falls without stopping,
but remember that this element is essential for the industry
in future mankind in electromobility plus also of electronics in general and industrial and so on.
and that is why the deep zone would eventually be a good buying zone. ,
also the fall of this metal is closely related to the Chilean ( clp ) peso.
copperThe support index lost $3.3.
But static support is $2.96 and dynamic support is #2.
The negative divergence caused the price to fall, but now we are seeing a positive divergence as it approaches the $2.7 support.
We should wait and see if the price will be supported by this strong downward momentum or not?
COPPER DOWNWARD TREND 🔻↘Copper showing downline trend↘, will be very helpful for long term trade. Will be profitable, if staying for long.
MCX:COPPER1!
P.S.- I am not responsible for any personal loss.
The copper bear bites down. Copper has went into a notable downtrend from the last posting of the harmonic bear entry.
I did not know it at the time of making this forecast (In fact, I looked at copper because a friend of mine has a lot of it for scrap and I was trying to explain to them why it would be a good time to cash it in, which they never) but since making this forecast I've read copper bear markets have preceded all major recessions.
It's not the case that all copper bear markets have resulted in recessions. The signal has about a 60 - 70% hit rate. But that's interesting enough inside of the larger context of different types of crash warning signals for the indices.
Copper Futures, Short on every RiseWe are constantly keeping a watch on Copper and as per the chart Analysis we might see a drop in Copper in coming months.
We can short on Copper on ever Upside move.
Copper - where are we from a technical perspective?Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
HG1!6.30.22 Copper; exit if long.............................................................................................................
Dr Copper is telling us deflation is comingAt the beginning of June I put out an idea about shorting Copper . The market didn't do me the favor to get up to my entry, as I ignored past resistance. Probably got a little greedy too. Currently copper is sitting at support and could bounce up to 4$, maybe even up to 4.25$.
However in the long term, I see it go much much lower. In my opinion we are in a global recession, and probably even in a global depression. As interest rates and energy costs have risen rapidly, the demand for many things has gone down. We haven't seen the full effects of too much debt + lockdowns + WW3 + not enough energy production yet, but we are getting there. Copper going down is just the first step, and this could turn really really ugly.
The 2006-2008 top on Copper looks pretty similar to this one. Huge rally up, consolidation, attempt to breakout, failure, massive collapse. This time around we had a shorter cycle due to the lockdowns + stimulus + low rates + ESG , but this situation is truly reversing. We have no lockdowns, no stimulus, high rates and the ESG movement is clearly losing steam. Overall volume is low and that's a sign that demand for Copper isn't all that high. It was mostly supply being low, and not demand being high.
So how low could we go? The truth is that for some time this could be a bottomless pit. However, I believe the bottom will come in the 1.5-1.9 area, as the market needs to sweep the double bottom at 1.9. In terms of technical analysis this is the area anyone should be targeting. Once we get there, we could see a swift reversal as the Fed and all central banks are forced to cut rates and print money once again, in order to save the system from collapsing. They are stuck between a rock and hard place, and although they are doing their best to fight inflation now, they will soon be trying to fight deflation.
LONG ON COPPER - Will This Chart Save us From Recession Worries?It probably won't but a relief rally could be in play.
Watch Our Bronze Age Bitcoin Video today:
The Bronze Age followed the Stone Age and began around 4000 years ago. The Iron Age followed the Bronze Age and began around 3000 years ago. That's some time ago, yes.
Could Bitcoin play a role as the beginning of a 'new age'? Sure.. it's a trustless system in a stupid planet with no trust between it's 'nations'.
Funnily enough, I come from the island of Cyprus. 🏖️🌴🐬
Cyprus was famous in antiquity for its copper resources. In fact the very word copper is derived from the Greek name for the island, Kupros.
Watch this if you like history: www.youtube.com
Copper Price as an indication of what happens next:
The price of copper is largely influenced by the health of the global economy. This is due to its widespread applications in all sectors of the economy, such as power generation and transmission, construction, factory equipment and electronics. Sometimes referred to as Doctor Copper , the base metal is seen as a reliable leading indicator. A rising market price suggests strong economic health, while a decline suggests the opposite.
So we keep having many Copper related articles lately: Copper has entered a bear market , which may indicate a stronger chance that recession is coming.
OUR ANALYSIS:
We had shared with YOU, HERE a perfect short on Copper last summer:
COPPER- Poised for a Correction
At this stage we see Copper on MAJOR SUPPORT and this is only Good news:
snapshot
Hope it all makes some sense.
If you Like the idea, we Like to see you Liking our post.
One Love,
the FXPROFESSOR
HG1!6.28.22 hg1! On this video I am showing you how to set up copper for a possible long trade. The market had to move a little bit higher before I could go along, assuming that I didn't get in at the beginning of the reversal higher. I believe many Traders work hard, but they're not working smart. This concept was absolutely not developed by me, it's something that I learned. And in my own transitions, it became apparent to me when I was working hard but not smart. That will burn you out and use up a lot of time. What are the best things you can do if you want to avoid your fear of trading is 2 choose markets That are not ready to be traded, and therefore you won't be pressured to make a trade decision. In other words, it's a safe market because you're not going to make a trade decision. I opened the video, cleaned up my chart, and then went to a time frame where I could judge a market, and what was needed to make a trade decision... In the near future.
Copper Responding to SupportThere is a lot to like from a technical perspective regarding copper. Price carved a doji on Friday and price has reacted to a level defined by VWAP from the March 2020 low and former resistance (January 2021 high). Also, the decline from March consists of 2 equal legs. I'm thinking higher as long as last week's low holds. The May low at 4.0370 is a soft target.
-Jamie
Copper CMP 709, looks like going towards 750 tgtCopper CMP 709, looks like going towards 750 tgt
copper looks like completing a 5 wave down move and should give a good retracement till wave 4 of smaller degree
Copper looks weak! Copper’s ability to predict turning points in economic cycles and gauge the overall health of the global economy is so strong that the base metal has earned the nickname “Dr. Copper” among insiders in the commodities markets.
Falling copper prices are often viewed as a leading indicator of an impending economic downturn owing to the metals’ wide variety of use cases in electrical, industrial, and transportation applications. And over the past few months, “Dr. Copper” has been sounding the alarm loud and clear.
Copper futures on the benchmark London Metal Exchange have fallen from highs of $10,730 per tonne in March to just $8,575 as of Thursday’s close, a more than 20% drop, which officially puts the metal into a bear market.
Using Nasdaq’s measure of copper prices, the metal has fallen over 17% in just two weeks and is now trading at just $3.74 per pound, after hitting a high in March of over $4.94.
