Coppersignals
Copper MCX Positional strategyStrategy sell between 460-470
Sl above 476 closing basis
for targets 440 and below
Inverted Ascending Scallop ComparisonComparison of TOTAL2 and Copper
Similarities can be seen in the formation of a scallop
This may lead to a bullish C wave breakout on copper
I identify this structure as 'weak' due to its lacking of a strong double bottom and slight downward slope, however it is a good chart pattern for accumulation.
Copper Futures (HG1!) DailyDates in the future with the greatest probability for a price high or price low
Copper Futures (HG1!) MonthlyDates in the future with the greatest probability for a rice high or price low
COPPER Buy SignalPattern: Channel Up on 1D.
Signal: Bullish if the price breaks the 1D MA200 or if it tests 2.500 again.
Target: 2.800 (right below the Resistance Zone).
Recent successful signal on Copper:
Copper: First Corrective Wave TargetIn "Copper Tempest" (see related ideas), I analyzed the macro-view on Copper. Now it's time to act.
My trade starts from 2.8462 with final target of 2.8125 (end of first corrective wave). Stop Loss set at 2.8537.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
Copper Tempest: The Bear before the BullIf you like this idea, don't forget to hit the Like Button and to Follow Me!
Exciting days for Copper. The brown metal reached the $2.8575 level. I'm confident that copper price will rise in the long run if copper demand, especially for China (largest copper consumer), will continue to record highs (527,000 tons in December 2019).
However, we still live on planet earth, and we need to make a deal with technical analysis. I believe Copper has terminated an Elliot wave impulse, with wave 5 hitting today's high ($2.8575). I will expect in the next days the A, B, and C corrective waves.
This theory is enforced by Volume Profile analysis (performed on Elliot Impulse Range) that shows POC support at $2.6436, and an exciting volume development around $2.7947. I expect corrective wave C to touch this support to bounce back for a new impulse wave 1 (If the market will let it).
Stochastic still confirm this analysis. The indicator showed no reversal for this cycle, and it is approximating the overbought area, by the way, again with a bullish setting.
Disclosure: My ideas contain statements and projections based on assumptions on capital markets, and therefore inherently subject to numerous risks and uncertainties.
Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
I am not a financial advisor.
COPPER Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as long as the 2.6000 level holds (Higher Low lim).
Target: 2.8000 (1W Resistance).
COPPER Long term sell signalSame fractal detected that previous led to testing the 0.786 Fibonacci retracement level.
Confirmation comes with the Death Cross occurrence. Long term target 2.2300 (new 0.786 Fib).
COPPER: Double Sell Signal on 4H and 1D.Pattern: 4H Rectangle.
Signal: Bearish (Double) on the 4H Resistance and 1D Resistance.
Target: 2.9000.
COPPER Sell SignalPattern: Inverse Head and Shoulders on 1D.
Signal: Bearish as the price was rejected on the 4H Resistance.
Target: 2.89100 (above the 4H Support).
COPPER Buy Signal (Support)Pattern: Fibonacci retracement.
Signal: Bullish either now (1D support) or on the 0.382 Fibonacci.
Target: 2.96000.
Copper High Probable Reversal Bearish Signalcopper, price making double top on copper in daily time frame. Non-commercials reduced long positions 6k in copper, long% decreased 2%, while short% increase 2%.
Copper Buy SignalPattern: Channel Up on 1D.
Signal: Bullish as the price is close (-3.35% pull back) to making a Higher Low.
Target: 2.9765.
