Copper CUPair : Copper - CU
Description :
Completed " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Impulse Correction
Rejection from Daily Resistance
XCUUSD trade ideas
Copper. The spring is compressingEvery day, we are seeing higher volumes in options, with predominantly bullish option portfolios targeting the 4.05-4.1 range. Graphically, after the data release, there is consolidation under the resistance level, which reinforces the possibility of an upcoming upside shot.
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
Copper Chart Analysis🚀 Copper Breakout Potential 🚀
Asset: Copper ($3.86318)
1. Mirroring Silver : Copper, like Silver, has formed a symmetrical triangle pattern, but with a shorter timeframe of 2.5 years. This pattern similarity across assets can be significant.
2. Crucial Zone : Copper is currently trading within a narrow range near its resistance level. This zone highlights the impending breakout decision.
3. Breakout Trigger : A convincing break above the 3.89 level would confirm the triangle breakout and signal potential bullish momentum.
4. Upside : If the breakout is sustained, Copper could climb towards the 4.20 - 4.44 range. These levels might act as potential resistance areas.
5. Consolidation Alternative : Failure to break above 3.89 might lead to consolidation between 3.67 and 3.90, indicating a period of reassessment by traders.
🚨🚫 Disclaimer:
This analysis is for educational purposes only and not financial advice. The author is not a SEBI-registered financial advisor. It is recommended to conduct thorough research and consult certified financial professionals before making investment decisions. #Copper #BreakoutChart #TechnicalAnalysis 📊📈🔍
COPPERPair : Copper - CU
Description :
Completed " 1234 " Impulsive Waves
RSI - Divergence
Break of Structure
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
COPPER Pair : Copper
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
Fibonacci Level - 78.60%
H&S pattern on Copper. It is time to short??We saw a huge rejection at 4$ in case of copper.
The chinese market is still weak, so in correlation with that i think copper will move to 3.5$ area.
If the neckline is broken, i expect a big downside.
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%
Bullish signs for COPPERBased on my analysis, the price of copper has successfully breached a crucial resistance level, signaling a potential trend reversal. The price has made 4 attempts to break through the resistance line before finally pushing through, followed by a retracement and a bounce off the newfound support. Interestingly, a huge spike in trading volume coincided with the same trading day of this bounce.
To further support my idea of a reversal, a Golden Cross has formed, where the 50-day moving average has crossed above the 200-day moving average. This widely recognized bullish indicator suggests a positive shift in market sentiment.
Thank you for viewing my idea.
Dr. Copper Sets Sights on Higher LevelsDr. Copper has recently demonstrated signs of strength, largely attributed to China's stimulus measures. This price surge is occurring within a pattern of consistently higher lows since the lows of 2023. It's important to highlight that this upward momentum previously broke through the downtrend line stemming from the highs of 2023.
Following its breakthrough of the $3.82 resistance level yesterday, attention is now focused on the potential for a sustained positive price trend. If the industrial metal maintains a price above $3.82 per pound, it could set its sights on the psychologically significant level of $4 and the resistance level established in August. These levels appear to be potential objectives worth considering in the near future.
Copper's Upside PotentialCopper made a breakout of the 2023 downtrend and after the retest of the trend channel and 89 day moving average it is picking up again.
Today's PMI numbers will be valuable for copper in the next few weeks. All of the EU, UK and US manufacturing PMIs jumped way more than expected. US manufacturing PMI even past the 50 mark, meaning the economic activity in the US manufacturing sector is rising again. I expect manufacturing to make a comeback in 2024 after 2 years of slump. Latest China stimilus also has a positive affect on copper. The bad news is the copper supply is expected to rise this year.
All in all, with the recovery of manufacturing and hopefully China, incoming rate cuts might give copper the fuel it need for a surge. My main target is 4.30 and stop will be 3 days below 89 day moving average (for now).
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's Price Dynamics: Decoding Future MovesHello Everyone,
Copper has shown great promise depending on how the price reacts around 1M and 1Y PP will show us what the price will potentially do next !
TradeWithTheTrend3344
COPPER PRICED IN GOLDMetals have their own trends, especially when found and mined together in nature.
I see a nature rhythm on the one-month chart here likely to result in copper climbing compared to gold.
CAPITALCOM:COPPER
OANDA:XAUUSD
AMEX:CPER
AMEX:COPX
DYOR.
Trade Slick.
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 CFD Creating Bearish Reversal in a Bullish TrendCopper CFD @ Daily TF
Story: Printing Bullish Trend and a Bearish Rising Wedge
Anticipation: Can Breakout below the last HL
Plan: Sell stop below the last HL, SL at the last HH
COPPER, Teasing a multi-weekly TOP GAINS soon! SEED!Copper is in continuous ascend mode this past few days / weeks after touching an important major order block at 61.8 FIB levels. Since then, significant net accumulation has been registered on a daily basis.
Expect some generous price growth from the current price range. A seed from here is ideal while it's still in a slow roll ascend -- but not for long.
Initial target is 5.0.
Spotted at 3.80
SEED LONG.
TAYOR.
Safeguard funds always / not advice.
Copper may continue to move lower over the next weekCopper may continue to move lower over the next week
It seems that the volatility of the price of gold is affecting the price of all metals.
If we take a long-term view, we can see that all metals have started a downtrend.
There is a high possibility that Copper will also decrease more in the following weeks.
From a technical perspective, the price has just broken a strong level of the technical pattern and is expected to decrease even more until 3.6
You can find more details in the chart!
Thanks and good luck!
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
Cooper to the Top?Hello investors, here is my trading idea for copper on a weekly basis.
Profit taking is marked in the black lines, SL is marked in red.
The ideal entry point is 3.81-3.80. If the price falls below 3.80, the price development will be different, but SL will still be active.
Good LUCK @ ALL
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 ~ Help Me Obi-China, You're My Only Hope (2H)CAPITALCOM:COPPER chart mapping/analysis.
Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk..
Trading scenarios into EOY:
Prelim trading range = ~3.93 - ~3.73.
Under bearish pressure from 38.2% Fib rejections.
Bullish reaction to China/macro economic news = bounce off lower range of parallel channel (green) + 200SMA confluence support / break above 38.2% Fib / break above ~3.93 upper trading range.
Bullish extension target(s) = 50% Fib / upper range of parallel channel (green) confluence zone.
Bearish reaction to China/macro economic news = break below ~3.73 lower trading range / lower range of parallel channel (green) / break underneath 200SMA, becoming dynamic resistance.
Bearish extension target(s) = 23.6% Fib / lower range of descending parallel channel (light blue).
