Could Copper Repeat Its Growth Pattern?Just a thought: if copper behaves as it has before, we could see it at $7-$8 per pound.
XCUUSD trade ideas
copper usd- mentoringopper speculative view
weekly on the way to tests major area since first time it was there abou at 2006, it looks bearish like a huge inverted cup&hundle on weekley
but to me it looks more like a retests of the support
and in strange feeling im leaning that it will folow orange juice and coffe
basicly the food and metals are getting more expensive in the world .
all theory will be demolished if price close and retest under 3.25645 area
look for short if close under 3.54426 area
look for long if close above 3.56159 area
***
Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
COPPER - CU 20/10 MovePair : Copper - CU
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Breakout the Upper Trend Line and making its Retracement in a Corrective Pattern " Bearish Channel " in Short Time Frame. Completed Impulse and Correction " ABC "
Entry Precautions :
Wait until it Breaks and Retest UTL
copper - mentoringcopper speculative view
weekly tests major support area .it looks bearish and kinda on the way to create a descending triangle on weekley
but could be retest of the support since 01.2021
all theory will be demolished if price close and retest under 3.54941$ area
look for short if close and rejects 3.54941 area
look for long if close and holds 3.63642 area
***
Tolerance will reach such a level that intelligent people will be banned from thinking so as not to offend the imbeciles- F.M.dostoyevsky
90RR Trade for CopperIt seems like the bottom might be in for Copper.
Numbers on the right for entry and stop loss.
To be more conservative you could place the SL below the purple zone but your RR will be lowered.
35% gain with no leverage targeting $4.85.
Copper Next Move Pair : Copper CU
Description :
Falling Wedge as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line to Complete its Corrective Waves " ABC " after Impulsive Waves. Bullish Channel in Short Time Frame and Rejection from Lower Trend Line after " B " Wave
Precautions :
Wait until it Breaks Bullish Channel or Rejects from Upper Trend Line
Dr copper potential more downside moveHello traders, lets take a look at copper which testing an important resistance area and see what can possibly happen and what are the consequences of possible bearish move in other markets like us equities.
first lets talk technical, price overall bearish Daily move in copper formed a standard #head_and_shoulder pattern in form of consolidation in downtrend move and as we know this chart pattern in the middle of a move showing continuation. As it can be seen price formed clear H&S pattern and now forming possible LH at key resistance area below Daily EMA and at the 4H timeframe 200 EMA. more importantly price failed to close above 3.80$ in the past 3 days.
Also we know that copper as one of the most important commodities is very sensitive on economic data, and since central banks are in raising interest rate campaign in order to take control inflation this can be interpreted as lower economic growth and as a result les demand for industrial commodities like copper which can bring prices lower.
so now obvious chart pattern and a valid downtrend, price testing important resistance area and failed to break above it and more importantly we have fundamental aspect inline with technical analysis which all together gives good odd to find a trigger to short.
Copper - has a history of crashing violently.As a industrial metal
When the economy slows
the price of copper nosedives
as we saw last summer when that neckline was breached
Can we see the same again? sure
But electric cars???
What of Tesla . Rivian, BYD
makes you wonder, hey?
Dr. Copper has a PHD in ECONOMICSBEAR FLAG?
The target would make a trendline from our two major demand destroying events
08 & Covid Crash
Listen to Dr. Copper when he speaks
COPPER 02/10 MovePair : CU Copper
Description :
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Breakout the Lower Trendline and Completed the Retracement after Impulsive Waves and Correction " wxyxz " , If it Breaks the Lower Trendline of the Correction " Bearish Channel " then sell
CopperJust a pure technical trade. a broadening structure on a bear pole. with a nice little continuation pattern to start the downside move.
Copper ~ 2H Intraday Chart (Sept-Oct)CAPITALCOM:COPPER chart mapping/analysis for short-term & intraday trades.
Copper ~ Daily Swing Chart (Sept-Oct)CAPITALCOM:COPPER chart mapping/analysis for med-long term swing trades.
CU Copper 22 / 09 MovePair : CU - Copper
Description :
Impulse Correction Completed and it will again make its Impulse in a Corrective Pattern Bearish Channel in Short Time Frame. We have Break of Structure if it breaks the Upper Trend Line then Buy and If it Rejects from the Demand Zone then Sell
$Copper Trend line break In the context of technical analysis, when CAPITALCOM:COPPER experiences an uptrend trend line break to the downside, it typically serves as a warning sign for investors that the previous bullish momentum may be waning. Such a break could indicate that the asset is shifting from a bullish to a bearish trend. This is often considered a sell signal or at least a reason to reconsider long positions in the asset.
Investors considering this development should look for additional confirmation signals such as increased trading volume during the break, bearish candlestick patterns, or other technical indicators turning bearish, such as the MACD crossing below its signal line or the RSI moving below 50.
It's also advisable to check for any fundamental factors that may be influencing the price of copper, such as economic data releases or changes in market sentiment, to ensure that the technical signal is not a false one.
In summary, a trend line break to the downside in an uptrending CAPITALCOM:COPPER market could be a significant bearish indicator, and investors should exercise caution and consider employing risk management techniques like setting stop-loss orders.
Copper ready for upside move For all trade on my Auto Harmonic patterns indicator trade setup -
Risky trades can take trade after crossing 23.6% on either side and safe traders can take trade after 41% We can start buying when our Trailing SL hit at 23.6% with SL of recent low our Target will be 41%, 78.6% , 127.2% 161.8% and 223.6 % , when reversal pattern appears on chart we have to trail our SL if trailing SL hit exit from long trade and initiate sell trade ,
Possible flag on Coppperthere is a possible flag on copper. pattern is right, only volume does not match the pattern.
On a big timefram copper looks bullish so maybe if the pattern (flag) breaks with good volume. The pennant on bigger timeframe will also break.
!! only trade if pattern break with good volume and price action
Copper ShortLooking to short copper.
China's economy plunging. Counts over 50% of the world demand.
So basically China's economy weak, equals copper price weakness.
Price hit supply and shows signs of weakness. If current range doesn't hold and breaks down.
Then I will short doctor copper.
Copper 08/09 MovePair : CU - Copper
Description :
It has Completed its " 12 " Impulsive Wave at Fibonacci Level - 50.00 or Demand Zone. Bearish Channel in Short Time Frame and Impulse Correction in Long Time Frame completed its Impulse and Correction at Fibonacci Level - 61.80% it will again make Impulsive move
Dr Copper ~ Snapshot TA / Contraction x Expansion = InflectionIt ain't easy being DR CAPITALCOM:COPPER
Peaked in March 2022, only to crash -38% & bottomed-out in July 2022.
Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol.
Copper's price action has also been compressing, as descending trend-line squeezes current Trading Range against ascending Parallel Channel.
This suggests momentum will eventually need to "pop" in either direction...but it could also continue trading sideways a little longer while more data is disseminated by Market Makers to make a confident decision, TBC.
Tick tock, time is running out for the Doctor..
Boost/Follow appreciated, cheers :)
AMEX:COPX AMEX:CPER COMEX:HG1! COMEX:HG2!
COPPER 24-08 MovePair : COPPER
Description :
Impulse Correction Impulse
Break of Structure
Bullish Channel in STF as an Corrective Pattern
RSI - Divergence
Fibonacci Level - 50.00%/ 61.80%
COPPERHi,,,,GUYS look at my last speech on copper :https://www.tradingview.com/chart/COPPER/Ng01HLRj-COPPER/
always there is opportunity in market we lost some money on copper short but now we obtain huge again from copper long .....now you can close your long position ....and take your profit off the table ...
Good luck
