Trading In The Copper TriangleIn this update we review the recent price action in Copper and identify a high probability trading pattern to take advantage of
Copper
FIRST QUANTUM MINERALS - LONG TERM BULLISHFirst Quantum Minerals shows an interesting long term chart pattern. On lower timeframes, FM completed its corrective wave (2) at 50% of the fib retracement and price has broken the terminus of wave (1). This provides confirmation that an impulsive wave (3) in now occurring and we could expect the next target levels.
1. CAD$ 58/share
2. CAD$ 74.45
Disclaimer: This technical analysis is intended for educational purposes only and must not be taken as investment advice.
Copper XCU/USD (It is melting UP) View On Copper XCU/USD (25 Nov 2021)
Copper is good UP gradually and the main momentum is in the LONG side.
As a trader we shall stick with the main trend, while we scout for the best possible entry,
As long as the price of Copper doesn't go below $390 again, it is a better bet to be on the buy side.
It shall retest $460 soon. $485 and $500 will be the next.
DYODD, all the best and read the disclaimer too.
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Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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#COPX #DRCOPPER Copper miners about to rip?Keep an eye on the copper x etf which tracks miners which are engaged in the mining of Copper. Every time we've seen a heavy spike in volume this year has resulted in a corresponding top or bottom for Copper miners. My guess would be another bottom could be forming here...
Copper - Price Action Analysis CAPITALCOM:COPPER creates harmonic butterfly with level of 1.272 at price 4.502.
The pattern will only activate when price cross over B point which comes at the price of 4.4270 and sustains above.
TTM Squeeze : Positive
VZO : positive
impulsive breakout just startingI bring this chart up all the time to show the potential for a very impulsive catch-up to the price of copper with this stock. Looks like a probable double. That's a spring-loaded, dividend-paying, 21-billion market cap (CAD)
NCZ catching up with the largest Zinc producersNCZ is now somewhere around 12th largest zinc miner in the world so it's worth comparing with the top zinc miners. Chart starts at COVID stock recovery date.
High volatility but catching up.. Can't wait till the announcement of starting to mine Copper in Tasmania.
Will the price reach the green line before the next quarterly earnings meeting? Bets please
Copper Futures Reversal TradeIt has reached the lower trendline and looks to reverse by taking support. Going Long would be a good idea. Target is placed Near Resistance, Stop Loss is placed below trendlines, support zones and 200 EMA.
HG ( COPPER ) MAKING A TRIANGLEHG ( COPPER ) making a triangle on a Primary degree 4th. We are on a D wave of the triangle. Most probably we finish A wave of D wave as a preferred count (Projected by the black line) and we are coming down to making a B wave. On another side of the analysis as an alternative (projected by the red line)we are on an A wave and we are going upside a little bit and we finish the A wave then we will come for a B wave. Copper take more time to finish the triangle and after that, we can see a new high on an HG for primary degree 5th.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies 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.
#HG #COPPER
Copper stage 2 continuation copper weekly looks like a Stage {2} breakout continuation in it's infancy.
This weeks cross past the 30 week EMA is the first clue.
Hey, is there anything goin on in the world that would cause this?
HG1! - Copper and CornersSo, is this what means: A market is cornered? ;-)
OK...let's get serious...they observe us hehe...
The very old top acts as a perfect resistance.
Now, focus on the white pitchfork.
The market overshooted the U-MLH (upper line). This is a huge stretch. In fact, if the power where there, price had to go to the next extension of the Pitchfork. But so far it mised it (HAGOPIAN) and it's just dancing on the U-MLH.
What does this mean?
It means, that
a) the potential to take off is still in place
b) the market could tank very hard and reaching at least the white centerline. The extended version of a target is simply the grey centerline.
Anything else?
Jep, Santa is comming! §8-)
Copper Trading The WXY PatternIn this update we review the recent price action in Copper and identify the next high probability trading opportunties
Copper Long Idea After Copper managed to rise to the 4.775 area in late october, the price has been range bound and in a slight downtrend. Price has been trading between 4.19 and 4.50 since this time, Copper is currently trading at 4.294 and appears to be moving to up to potentially retest the 4.42 area and beyond. The RSI indicators on the 4hr chart are around oversold terrorties at 37, but its the price action that has formed on the trend line that indicates to me other buyers are looking to go Long from this point. Since the 17th of Novemebr the price has been forming higher lows and respecting the upwards trend line. The stop loss area for this trade is at -2.45%, around the 4.195 area.
Waiting for neckline to break to release the bearIn progress forming double top.
once it break below the neckline at 4.12, we may see more downside.
Price is at the Moving average junction.
$LODE sniper edition #5*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered $LODE on November 8, 2921 at $2.25 per share and plan to take profit at $3.00
My team averaged down on our position today at $1.60 per share bringing our share average down to $1.92.
!!This is a high-risk trade. Proceed with caution!!
OUR FIRST ENTRY: $2.25
OUR 2ND ENTRY: $1.60
TAKE PROFIT 1: $3.00
TAKE PROFIT 2: $4.50
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$copper going to absolutely fly. Massive backtestdeep ih&S was actualyl backtesting deeper shells ina. giant bullflag.
She's gong to fly.
Safest entry is here-ish ith a tight stop-leooss adn exit before the turn up high.
COPPER Buy signalPattern: Channel Up on 1D.
Signal: Buy as the price is rebounding on the Higher Lows (bottom) trend-line of the Channel Up while the MACD just formed a Bullish Cross.
Target: 4.980 (the 1.236 Fibonacci extension).
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Copper Triangle BreakoutCopper had a triangle breakout few days ago, it is providing a long entry again as the price is currently retesting the breakout post having a minor correction. Risk reward remains highly favorable given the current setup.
BTCUSD Can Turn Into Pullback; + GOLD/COPPER and SP500 Charts Hey traders.
It's been a while since I looked at BTCUSD so here is my take.
BTCUSD has 5 up, correction can be seen
BTCUSD volatility is at the low; an increase usually occurs when price drops
GOLD/COPPER ratio is at support; rally will suggest limited upside for stocks
Lower stocks may trigger a weakness on Crypto.
For more details, please check the video.
I would appreciate if you leave me your feedback in the commentary below.
Take care,
Grega
Copper Long EntryCopper has Fallen in price towards a key support level as well as a trend line that has been respected multiple times. The RSI levels are also in oversold conditions at the moment, with all of these factors in play it seems likely that the price will go up from here. The targets for copper to the upside are at the recent highs of 4.4420 which is a heavy liquidity zone. The stop loss area for this trade is at a recent low of 4.052.
Copper Futures Sell to BuyPrice is approaching to weekly demand zone, so i expect bullish move..there will be a sell move first ...look for LTF BOS before taking trade
COPPER (XCU/USD) – Week 46 – Heading towards the resistance.In the coming week, we anticipate the price to reach the resistance area highlighted on the chart. We expect this move to have corrective nature.
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.
