COPPERCoinciding with my last view on the USD this adds on a confirmation bias that this might be the last move for copper. Using Elliot wave pattern to follow through on the foundational idea linked below
CPRUSD trade ideas
Call a COPPER!!Trade Idea: Buying Copper
Reasoning: Double bottom formation
Entry Level: 3.8018
Take Profit Level: 3.8579
Stop Loss: 3.7818
Risk/Reward: 2.8:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
New trading strategy upgrade - Copper Set up your SL and rule yourself following our discipline.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my trading plan. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Action - using Price movement only, your comments are highly welcome. Message privately for a 1:1 training program - Price Action Strategy. Trade well & Good luck guys.
Copper about to complete 0.61 retrace Copper about to complete 0.61 retrace.
This zone was previously a support zone of distribution range before the mark down.
New trading strategy upgrade - Copper Set up your SL and rule yourself following our discipline.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my trading plan. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - using Price movement only, your comments are highly welcome. Message privately for my 1:1 training program - Price Auction Strategy. Trade well & Good luck guys.
Bearish Copper Macro BiasMacro headwinds for copper and a measurement of "the state of the economy" are not looking too bright.
This trade setup has almost the best technical setups as I have ever seen, the only one lacking would be a three, or four-drive bearish impulse, where as we see here, we only have 2 drives BUT our monthly timeframe analysis allows for divergence to play out as such for bearish continuation, as it is macro timeframe analysis.
Short-term bulish retracement with bearish bias from "premium" fibonacci levels (>0.5 to 0.786)
Bear flag trade setup valid if weekly bullish structure breaks if monthly premium not reached
Confluence for a short trade:
Deviation above previous range/structure highs
RSI bearish divergence upon deviation
Reversal zone signal prior to divergence lock-in (strong)
SFP liquidity grab at the highs
Bearish market-structure break, creating a liquidity gap candle
Retracement into a premium features a bearish orderblock, fair value gap, and breaker candle at range highs
Trend end candles printed
RSI bearish divergence reclaiming 70 level (strong)
PEPE (Strong x5)
Macro Quasimodo level as confluence point of interest if price tries to break above range temporarily
Bear-flag weekly structure
Why so serious?
Copper updateBloomberg :"Recently, investor opinion has shifted more in favor of the industrial metal. According to the most recent CFTC statistics, hedge funds increased their net bullish Comex copper bets to a 3-week high. Although there is some worry that the road to reopening may be difficult, the growth prognosis appears to be unmistakably positive".
What's Next on Copper Intraday H&S?The aforementioned Asset Re: Copper displays a possible bearish intraday set-up. All things considered (Methodology, + Risk strategy), should this set-up become validated, this trader will revert to correlated assets i.e., XAUUSD and co-correlated assets of XAUUSD i.e., XAGUSD, AUDUSD, NZDUSD, EURUSD and GBPUSD, for similar set-ups and entries within the annotated and technical direction.
Ps: Not intended as a form of financial advice, but merely reflects the opinions of a retail speculator.
New trading strategy upgrade - Copper Set up your SL and rule yourself following our discipline.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my trading plan. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - using Price movement only, your comments are highly welcome. Message privately for my 1:1 training program - Price Auction Strategy. Trade well & Good luck guys.
New trading strategy upgrade Set up your SL and rule yourself following our discipline.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my trading plan. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - using Price movement only, your comments are highly welcome. Message privately for my 1:1 training program - Price Auction Strategy. Trade well & Good luck guys.
Copper | Bearish Trend | 1 Hr | 02/12/22
Copper is entering in a Bearish trend as we have spotted a Tweezer Top in 1 Hr chart
This is not a financial advice.
COPPER ANALYSISThe decline from 14 Nov has been impulsive followed by a correction .The risk is to the downside.
Copper, Weekly (log), The 2008 AnalogyLet's see what the 2008 analogy says about the next thing. Currently, we can observe a similarity in many charts, e.g., the S&P 500 index, VIX, gold, and USOIL / UKOIL, to what was happening in 2008. Copper is no exception, and the analogy indicates copper's price decline. If the price follows it perfectly, the declines may end in the second zone. But I do not expect such accuracy; there is also the closer (first) zone, which can bring it on. I will write no more about it, why it may happen. Check out the related ideas.
Copper Sell breakdown Hi there,
Copper is setting up for breakdown.
Watch for breakdown and look for sell.
Good Luck
COBRE , COPPER This analysis allows us to see the two scenarios of buying and selling, as well as the need to wait for a confirmation in shorter time frames in order to enter the market confirmed.
COPPER BACK TO YEAR-OPEN ?- Wyckoff accumulation in up-sloping channel complete
- Looking for a 1 deviation extension into Year-Open
- Year-Open = GAP = Imbalance = 4.5000
New trading strategy upgrade - Copper Set up your SL and rule yourself following our discipline.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Message privately for my 1:1 training program - Price Auction Strategy. Trade well & Good luck guys.
Dr. Copper: Melt-Up Has BegunMassive daily green candle broke out of 3-month pennant and gaussian channel after bouncing off multiple moving averages, most importantly the 200 week SMA. The move also has the highest volume since March. Long RSI trend has been broken too. Back in July, I called for a bottom and an accumulation phase for copper (See Below). It played out. Price needs to take out the August high to confirm that it's out of accumulation phase, but with such strong momentum, it wouldn't be surprising if price disrespects it on Monday next week.
New trading strategy upgrade - Copper This is what my training program teaches this week. Using my Price Auction to plan and trade whatever you want to trading on the chart world. Copper is giving a very strong sign to turn around going up, but set up your SL and rule yourself following our discipline.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Message privately for my 1:1 training program - Price Auction Strategy. Trade well & Good luck guys.
COPPER BROKE DOWN TREND Copper broke down trend yesterday and it is a double bottom pattern. If it manages today above ma line. I will buy.
Copper analysis and ideas: Will bears come back?Copper prices may remain under pressure in the coming months due to investors' apprehension about China's growth prospects in the wake of the 20th National Congress of the Chinese Communist Party, which disappointed the market.
Since September, copper prices have fluctuated within a relatively narrow range (3.2-3.6) after the earlier sharp declines occurred this year.
The long-term case for copper remains strong, as it is a key metal for the energy transition and global inventories are currently very low.
However, one of the main challenges it faces in the near future is its dependence on China’s economic growth.
The brown metal will remain under pressure unless China announces new growth-friendly economic policies to counteract the predicted slowdown in the country’s economy. However, the latest China Party Congress appears to prefer fostering sustainable growth and giving more importance to inequality, national security, and ideological matters.
Copper bull markets have historically coincided with periods of extraordinary global growth, driven primarily by China.
We have now reached a crossroads in that regard, and if China is unable to maintain high and consistent economic growth, copper will have to wait for a new global wave of coordinated investments toward the development of renewables and green energy. However, given the issues with inflation and rising interest rates that we are currently facing, it may still be years before the transition fully takes hold on a global scale. This could take the price of copper subdued for longer.
When we look at the daily chart, we can see that some bearish pressure was forming near the 78.6% Fibonacci retracement level of the 2022 range. Also the 50-day moving average has been a quite strong dynamic resistance later. The technical picture remains overall on the bearish foot, and copper needs to clear the 2022 trendline at around $3.75 and then cross the psychological $4.00 mark before materially inverting the downtrend.
New trading strategy upgrade - Copper The Copper is one of my favourite items to trade. Let's see how its correction is built up on a daily chart and good for a swing trading.
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE if you agree with my TRADING PLAN. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. My trading strategy is Price Auction - PA using Price movement only, your comments are highly welcome. Message privately for my 1:1 training program - Price Auction Strategy. Trade well & Good luck guys.
