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
Copperanalysis
COPPER Daily Key Reversal Bar Pointing Weakness migth be 3.762025th Daily copper bar key reversal bar made a new high closed off the low. 26th daily bar widespread down bar closed off the low. 4.1380 first demand zone for short, second demand zone 4.4200. 3.7620 might be first target on downside on short position.
Copper Long SetupCopper Long Setup
Entry: $3.4989
TP & RR: $3.6094 (3.47)
Stop Loss: $3.4671
REASONS FOR THE TRADE
Opening a long order at a support level. As simple as that. The Stop Loss is set below the previous low and the Take Profit is at the lower trendline from the triangle that we broke down from. The market Flow indicator is printing a divergence on the 4h chart, so I believe the price should start trending up. I will be quick to trial the stop loss if the price indeed goes up. This is one of those trades that can go wrong very quickly and I don't want to give up profits.
Copper SHORT; Gold / Copper and Wall Street's mass delusionCOMEX_MINI:QC1!
Like the title says; SELL it - SHORT!
Regarding Wall Street's conviction, the "check mark shaped recovery" and other tall tales ...
.... this is the summary post.
... and here is their "Copper delusion"
Let's try Reality! ...
... Shall we?!
The original Gold / Copper Ratio post