Copper Made HammerBullish Reversal - Hammer On Weekly TF
Buy At Cmp - 709.75
SL - 689 ( Weekly Closing Basis )
Target - 745/760
Conservative Traders May Wait For 700-702
( May Or May Not Come )
Copperlong
C O P P E RCOPPER made inverse head n shoulder pattern on an hourly chart with decent OI & also near its strong resistance zonce of 715.
If copper breaks past 715 then buy with mentioned stoploss & target.
Risk:Reward = 1:2
Copper trading idea (best for swing)copper is in side ways on the major time frame
for smaller time frame we can opt to trade buy low sell high tactics
on the lower time frame
we had a long upside trend then price went to small sideways days as a buildup it looks good
and on the contary there will be chance price creating a pullback
on the breakout from upside we will avoid as there will be bearish fair value zone to for short makers and only long can played on pullback with the help of fib we can figure out the right zone to go long
for further updates
ill post them in comments
long tradeentry above 735.65 for target 736.7 and 741
reasons - resistance breakout
supporting indicators - rsi + fibo
disclaimer - trade @ owm risk
copper buying level 724 - 726 is the first zone for buying
723 -721 is the second zone for buying
this is when you buy price in two halfs by spiliting quantity
the above fva > fair value area is likely to retest but ive considered the last the two area by considering the confluence of fib 0.5 to 0.7 level which are = with our fva
for resistance we have 744- 746
which is good risk to reward
copper long tradebuy 733.40 there is gap on 5min chart (a gap is a fair value area) can create a buying retest
723.25 stop loss and two target 735.50 and 737.50
copper long trade plan (mcx)copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl
after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50
also there is one trend-zone coming from higher time frame acting as support
with this two confluence we can initiate long side trade
Copper Bigger PictureBearish Harmonics In Copper Using As Buy Opportunity.
Sell PRZ - 783.6/786.6
SL - 799
Target - 755/745
If Breaks 799 then next PRZ - 812.4
SL - 815 ( Day Closing Basis )
Target - 770/757
If Breaks 815 then next PRZ - 863.95
SL - 886 ( Day Closing Basis )
Target - 802/782
COPPER ATH ?we can see falling wedge with vcp pattern with consolidation in this script with good divergence, if this resistance is taken out we can see all time high
Copper looks Bullish possible Elliott wave countsHello Friends,
Here we had shared possible Elliott wave counts on copper international chart.
Good thing is wave counts are aligned with each others in multi time frames, Over all it looks good to go long as per wave structure, whole scenario is shared in this video post, so please go through out this video post to understand the Analysis of copper as per Elliott waves theory.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Bullish Harmonic In CopperBullish Shark
Buy PRZ - 715/713
SL - 704.9
Target - 735/747
Bullish Alt Shark
Buy PRZ - 694/691
SL - 688
Target - 735/745
Copper Extremely Bullish on monthly chartsOn the Monthly charts, I can see copper extremely bullish, targeting at the upper band of the BB. Try to go long on, the lower tf, then keep on trailing stop & taking multiple entry after every profit booking & avoiding shorts at all. Every dip should be used as an opportunity to go long, follow the divergence on the lower tfs. Then take longs following your trading systems. Flag pattern can be seen on the 12d chart & weekly as well.
Elliot wave counts of copper looks bullish post dips (if any)Hello Friends, here we had shared possible Elliot wave counts of copper on hourly time frame chart, in which it is showing that after impulse move as a wave 1 we are unfolding now correction waves as a (w) - (x) and (y), in which we had already finished and completed wave (w) and (x) now possibly we are in wave (y) of one bigger degree wave 2, so wave (y) may give some areas of dips too, which can be an opportunity to go Long at good levels, and an invalidation level is also mentioned on chart. My studies are for educational purpose only, Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Copper - Diagonal Pattern Copper trading at the 3rd line support of diagonal pattern, also has strong support at 670 zone,
Expecting buyers to hit 780-800 in case of correction and if in case of new trend …price ll rally to 950+.
MCX COPPER BUY CALLCMP 743
SL 741.50
TGT 749-752-755
Copper is taking support at 742 again and again. It is a bit risky call for short term traders.
If it breaks 742 then it may fall to 738.
So we are bullish if it stays above 742.
Hind Copper has still got the shine.P.s. Strong chart once this breaks out of range. Long consolidation. Now chart ready to move. Risk- reward favourable. Copper Index showing inital strength too. Same goes for nifty metal.
📊 Copper Swing Trade 🎯MCX:COPPER1!
Everything mentioned chart ones get breakout, one can enter as per their trade setup. Target already mentioned and that is trailing basis, stop loss recent swing low.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Copper View ( Buying opportunity ) Copper buy for initial target of 750 then 850 important levels r marked in the chart itself should be treated as demand and supply zone.
