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
Hg1
short sell copperThe 200 ma is sloping down which is clear evidence of the downtrend. The 50ma is also below the 200ma further confirming the downtrend. This looks like a bounce in the downtrend. There is a key pivot level which the commodity is approaching now. This will be a good level to sell from a technical perspective.
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.
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My studies are for educational purpose only.
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I am not responsible for any kinds of your profits and your losses.
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Hope this post is helpful to community
Thanks
RK💕
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copper breaking above a key pivot level makes it a buyCopper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target of 745 is on the cards
copper long as it breaks above a key level Copper has just crossed above a key pivot level on the hourly time frame. This levels has been tested on both sides as support and resistance earlier and hence it is an important level. The next level is roughly 2% away, thus it is logocal to think that we can get a rally of roughly 14 point in copper in mcx from here. The mcx copper is at 731 and hence the target of 745 is on the cards
Copper Trying To Turn UP from HereCOT reports slowly edging in bullish territory (May Still take a week or two).
Daily Momentum also trying to turn UP.
Price taking support at 200 Weeks MA.
I will be looking for Buying Opportunities in Copper , in coming Weeks/Months.
But a bit of Patience is the Key Here
COPPER possible Elliott wave countsHello Friends,
Here we have shared possible Elliott wave counts on 4 hourly chart of COPPER, in which we can say that still selling pressure may continue for some while, because now possibly we are in complex correction phase as wave ((w))-((x))-((y)), in which we had completed ((w))-((x)) and now possibly we are unfolding wave ((y)) in which subdivisions are (a)-(b)-(c) and here also we had completed first two subdivisions as wave (a)-(b) and now we are unfolding wave (c), which can still continue same bearish trend ahead for now some while, where wave (c) would be completed , there wave ((y)) will be done, where wave ((y)) would be done, there wave 2 will be finished and we can say bearishness will be finished with wave 2. wave 2 will not retrace more than 100% of wave 1 so bottom of wave 1 is pegged at $ 3.2410 which should not be crossed as per wave principles, wave (c) can be or may be at equality of wave (a) which level is coming near $ 3.6269, and wave ((y)) can finish near equality with wave ((w)) which level is coming near $ 3.6618.
Well, post wave 2 we can assume fresh impulse ahead as wave 3.
wave (c) can be or may be at equality of wave (a) which level is coming near $ 3.6269
wave ((y)) can finish near equality with wave ((w)) which level is coming near $ 3.6618.
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 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.
#HG # COPPER set to rally 15-20% up out of a triangleCopper has been correcting sideways since the May '21 high. The correction has taken the form of a triangle and the internal waves of the triangle show the expected 3 wave alternating movements. The recent low of 4.25 has a good chance of being the terminal wave e of the triangle. There is also a possibility that we are still in wave d and wave e is yet to form ( see alternate dotted path). If this is the case then wave e will be delayed but will still be expected to be above wave c low of 4.13.
Either way, the triangle has just been completed or will do so soon.
A close above the upper trendline should validate the strength and result in Copper moving 15-20% up. Targets are between 5.25 to 5.45
#COPPER #HG - Bearish interpretation with 3.55 potentialCopper's long rally from under 2.00 to 4.95 has been stalled and we have had a sideways move for the last few months
There is very good support at the 4.05 area, but one of the Elliottwave interpretation allows for a rapid fall to the 3.50 area.
What is visible is an a-b-c down move from May to late Jun in Wave A followed by a sideways triangle wave B. If this labelling is right we should expect a slide through the 4.05 support onto the 3.5 levels.
From the current levels this is a 1:3 R:R trade