Copper has made the Bullish Elliott wave on the daily timeframe. It's completed the five-wave cycle, ABC correction is remaining. After the 5th wave, the trend started to make the A, and it's still making it. It has to cross 585 - 580 - 560 . After that, It will rise for a short period to make the B. And it will fall again to make C. But all over, it's an uptrend.
MCX Copper is playing under a parallel channel. Currently, it's at the support trendline. Additionally, there's a Fibonacci retracement value of 0.886 . The best trading strategy for the day traders is: According to a moving average and parallel channel's support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this...
Price reaching reversal area that is supply zone. Was a good buy trade from the support, in no time price reaches the resistance levels. Look for sell trade if rejects from the supply zone.
Price after a big fall from February 2019 resistance levels recovered big and closed strongly above the resistance levels in weekly time frame which is good sign for bull ride.
515-520 is crucial Support. If 515 is sustained then 551 is possible.
Hi guys this is Trader Kanishk In this analysis of COPPER Today WE will discuss : Why to go long has it taken support trendline breakout new support levels new targets new stoploss levels entry levels for sharp entry and many more. Please Watch the entire video and GO for It DISCLAIMER Every thing i have discussed in this video is only for educational purpose,...
Copper has made a high of 509.25 and took U-turn. We may see at all-time high soon. S-RSI is a key to take an entry.
Sell copper on rise at 515-520 stop loss 525 ( hourly closing ) for target 480-475
BUY ABOVE 514 FOR 0.7,1.5,4++ SELL BELOW 513 FOR 0.7,1.5,4++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
As per my analysis Copper is on Correction ,So wait and sell at 500 - 500.60 Stop loss level at 501.60 Target Expected 497 / 493.70 / 492.30 Gann And Fibonacci Always rocks Follow us and support us and help us to grow tycooninfotek / tycoonstradingsecret
Copper shall correct in Near Future. But the Wait could be Long
copper can take same rest or tea breack from hare