Copper, Double Top Formation and PBOC; Bearish ConfluenceThis probably double top formation alongside PBOC tightening, signals a bearish correction to come.
Good luck,
Ali Sharifazadeh, CFTe
Coppershort
Copper ! Short the pullback !Wait for a sell setup on the yellow zone and go short till 2.32
Regards,
;D
Copper - short - AB=CD and bearish bat patternHi guys, to potential harmonic patterns evolving with structure resistance around completion point. watch for price action to confirm an entry. targets on chart.
trade with care.
Positioning: All Time Highs in Copper Non-Commercial LengthThe risk of a rapid correction is significantly greater with positioning at such extremes!
COPPER AND COMMODITY SHORT: The dollar effectThe bullishness in copper is misguided, in my opinion.
Sustained dollar strength always hurts commodities in the longer term.
The chart shows inverted dollar versus copper.
A big fat juicy divergence, along with likely continued dollar strength due to a structural off-shore dollar shortage, should put pressure on commodities.
Copper MACD Returning from 2 Standard Deviations... Presumably this trend has encountered exhaustion, perhaps it is worthy looking for a short term entry with a stop above the high!?!
Copper Short 2.530 Immediate Target 2.420Entry Price : 2.530
Target : 2.420
SL : Move to breakeven when it goes down.
Wait and Short Copper ..!After a nice Copper setup, we must wait for price entry and follow the rules that are on chart !
Gluck !
Copper’s Rally Does Not Deserve Your TrustOnce wave C is over, a bearish reversal should occur. It seems to be too late to join the bulls now.
Copper _ Bearish Butterfly Pattern.Copper shows very harmonic long term trading potions started from last Jun , wish butterfly will be valid as well.
Inspired by Technician's idea for short i took a look at copperTook a look at copper, target and criticals are in the chart. Will wait for retest upper MLH before i enter (or, alternatively for zoom and retest of old (grey) median) . Stop would ideally be above pivot.
Target 1: bottom channel,
target 2 base WRB,
target 3 downsloping median.
Copper 13.5/1 R/R Great HVF setup here on Copper. Expecting a sharp sell off all the way to about 1.950s level. Amazing Risk/Reward, about 13.5/1.
Short copper 0.618 pullback in a major downtrendI would short this right away. With a tight stoploss.
