Copper Futures (HG1!), H4 Potential for Bullish RiseTitle: Copper Futures (HG1!), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
CE1! trade ideas
Copper Futures (HG1!), H4 Potential for Bullish RiseTitle: Copper Futures (HG1!), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Alternative scenario: Price may head towards the resistance at 3.9600, where the previous swing high is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Alternative scenario: Price may head towards the resistance at 3.9600, where the previous swing high is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Alternative scenario: Price may head towards the resistance at 3.9600, where the previous swing high is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price crossing above the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Alternative scenario: Price may head towards the resistance at 3.9600, where the previous swing high is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 61.8% Fibonacci line is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bullish ContinuationTitle: Copper Futures (HG1!), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 3.9600
Pivot: 3.6885
Support: 3.5545
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is.
Alternative scenario: Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is.
Fundamentals: There are no major news.
Short CopperWe are short Copper. Take profit 3.40 and Stop Loss at 3.70 - a 1.9 Risk to reward ratio. There is a 50% profitability rate for this trade, however considering the prior signal for copper was profitable, the odds of 2 short signals producing a profit in a row is 25%. This trading signal also aligns with our seasonal sentiment of copper over the coming weeks.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.6920
Pivot: 3.5545
Support: 3.3840
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the Pivot at 3.5545, where the 61.8% Fibonacci line is, before heading towards the support level at 3.3840, where the previous swing low is.
Alternative scenario: Price may go back up towards the resistance line at 3.6920, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.6920
Pivot: 3.5545
Support: 3.3840
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly break the Pivot at 3.5545, where the 61.8% Fibonacci line is, before heading towards the support level at 3.3840, where the previous swing low is.
Alternative scenario: Price may go back up towards the resistance line at 3.6920, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
COPPER looks doomed on the long-term. Sell the rallies.Copper (HG1!) on the 1W time-frame appears to be repeating the previous major Bear Cycle that started in 2011/12. Based on this fractal analysis, the recent 1W rejection just below the 1W MA50 (blue trend-line) puts us at a proportionate level as on the February 06 2012 1W candle. Having rebounded on the 1W MA100 (green trend-line) both on the July 11 and September 26 candles, we expect initially to reach it again and then rebound to make a Lower High and form a trend-line similar to that of 2012 - 2014 that made structured Highs to sell that took Copper to the 2.000 - 1.9360 Support Zone.
This long-term bearish pattern will get invalidated if the price breaks above the 0.618 Fibonacci extension, which was where (slightly below) the price was rejected on the February 06 2012 1W candle.
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Copper Futures patternCopper futures HG2 chart on the daily time frame (no wicks).
Appears to be forming an adam and eve pattern. looking for it to break upwards soon. Dollar dropping helps.
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.6920
Pivot: 3.5545
Support: 3.3840
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the Pivot at 3.5545, where the 61.8% Fibonacci line is.
Alternative scenario: Price may go back up towards the resistance line at 3.6920, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Copper Futures (HG1!), H4 Potential for Bearish DropTitle: Copper Futures (HG1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 3.6920
Pivot: 3.5545
Support: 3.3840
Preferred case: On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly head towards the Pivot at 3.5545, where the 61.8% Fibonacci line is.
Alternative scenario: Price may go back up towards the resistance line at 3.6920, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.