COPPER trade ideas
Copper is facing bearish pressure, potential reversalPrice is facing bearish pressure from our first resistance, in line with our 100% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is approaching resistance as well, in line with our bearish bias.
Copper is approaching resistance, potential reversalPrice is facing bearish pressure from our first resistance, in line with our 78.6% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is showing signs of bearish pressure as well, in line with our bearish pressure.
COPPER (XCU/USD) – Week 4 – Correction knocking on the door.Copper prices are highly responsive to global growth and liquidity conditions, which is why it was one of the most preferred metals by the investors at the moment, even though in the past week, Copper prices moved sideways with nothing much to offer.
For this week we anticipate that the previous top will be once more broken.
Our advice is to skip this one for the moment and focus on other instruments.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
COPPER: Correction may be comingThe chart shows that the big bull market in copper may be weakening and about to correct.
The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south.
This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large and somewhere above the ATR line.
Price of copper is dependent on the US Dollar strength. The DXY shows trends opposite to copper.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Copper is approaching resistance, potential reversal Price is facing bearish pressure from our first resistance, in line with our 100% Fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish pressure.
COPPER-Finished the trend in BULL or still to 3.8 ?Market Commentary:
LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO...
First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish, if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the short term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...
Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analyzing the pair and labeling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
I am a technical analyst based on trendline, channel, fib retracements, expansion, stochastic for divergence, EMA's and MA's are finding the pull backs and MAJOR IS ELLIOTT WAVES...those mentioned above are using as a TOOLS only. I am not a fundamental, sentimental trader...but only the fundamental will boost my technical analysis to reach my target or sometimes it will go against me and then i will manage the trade according to the Elliott waves alternate views...Each and every trade plan i am sharing here has a alternate view and i am sharing only the most probabilities(70-80%) here...sometimes the other (20-30%) may market do..then i will change the wave counts and labeling according to the price action.
All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
Copper is pulling back to test resistance, potential reversalPrice is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 100% Fibonacci extension and 50% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish pressure.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and a break above our upside confirmation level, in line with our horizontal overlap resistance, 61.8% Fibonacci extension and 61.8% fibonacci retracement could provide the bullish acceleration to our first resistance target.
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and a break above our upside confirmation level, in line with our horizontal overlap resistance, 61.8% Fibonacci extension and 61.8% fibonacci retracement could provide the bullish acceleration to our first resistance target.
Copper is facing bullish pressure
Price is facing bullish pressure from our first support and a break above our upside confirmation level, in line with our horizontal overlap resistance, 61.8% Fibonacci extension and 61.8% fibonacci retracement could provide the bullish acceleration to our first resistance target.
COPPER (XCU/USD) – Week 3 – Indecision territory.Copper prices have been lifted to a fresh new 8-year high, sustained by the odds, that an improving economy will further expand consumption along with major US coronavirus relief package passing into law and optimism over the global coronavirus vaccine rollout. At this moment in time, we find ourselves in a big weekly bullish trend which we expect to run its course in the future, but at the same time, we anticipate a pullback that can push the price lower in the short-term. Our advice is to skip this one for this week and focus on other instruments as it might get messy.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper is approaching support, potential bounce Price is testing our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Copper ready for its next run up with bull flag.Nice bullish movement hitting resistance and ready for breakout upward. Copper!
Copper is facing bullish pressure, potential for further upside Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. A break above our upside confirmation level could provide the bullish acceleration to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well, in line with our bullish bias.
Copper next to the Golden pointCopper is approaching the Golden point.
The breakout of the triangle will be a good opportunity to gain.
Probably it will be a break down because the last wave failed to hit 3.7000
XCU/USD – Week 2 – Expecting a small pullback Copper continues to make new higher-highs, with our long-term bias pointing to a price increase even more than it did, as we are in a big bullish weekly trend. At the present moment, we don’t expect the trend to change, but we expect the price to enter a sideways move, with a chance of retesting the lower trendline before heading back up. Our advice is to skip this one for this week and focus on other instruments.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Copper LongHi! This is my first time trying some technical analysis. After a long downtrend it seems that Copper is ready to test that range high in the coming years. The reason behind this seems to be the growth of the demand for copper originated from the renewable energy market, that will double its market cap by 2030. In blue there is to possible scenarios, at two different levels.
Copper is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
Copper is approaching support, potential bounce Price is facing bullish pressure from our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
As expected exactly copper continue downThe copper arrive exactly to the support as i expected before..
