Copper is ready for massive move after long time consolidation How to trade it? Stoploss 713 target 740 If break above 740 next target is 760
On the Hourly time frame of Copper, I have noted the following indications. 1.The downward momentum has been waning. 2. There is a Bullish divergence on momentum with each Lower lows. 2. We can see a clear inverted H&S pattern on joining the previous highs. 4. Now, there is a breakout and retest of the downward trendline with a volume increase during the...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Hi all this is copper future analysis on basis of Elliott wave analysis. If you see copper on larger time frame like 1 weak, this is making Failure irregular Flat or could make contracting triangle.( Failure irregular flat consist of 3 legs-ABC) or if it is making contracting triangle, it will have 5 legs ABCDE, as of now it has completed C leg, if this is...
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
At major resistance Likely to reverse but considering dollar weakness, can be good long trade if brakeout happens and sustains above 740- 745 range
Hi all this analysis is based on Elliott wave and NeoWave concept. we are elongated flat correction at 1 month time frame, or we are in 4 th wave which is corrective wave once 4th wave is complete, we can see 5thwave which is fib extension of 3 start and to 3rd wave end and project till 4th wave end. so, we will get 0.618% that will be the 5th wave target. as...
All the levels are mentioned in the video with some swing idea. Nifty and Banknifty Gold silver Crude Ng Copper My view, Neutral to bullish (rangebound)
COPPER 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
Here is a brief description of what happening and what can happen Nifty Banknifty Gold Silver Crude Yesterday gold silver view went dot-to-dot Now we can a good selling pressure in bullions Will update if there is a chance of entry with a proper sl
drop base rally setup .. for educational purpose only
On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Copper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now. To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so...
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...
Hammer candle on monthly of may month lows if holds on to 690 on weekly closing bases can see sharp up move by this month 740-750 levels .
Since Copper is in a consolidation , A Break out or breakdown from the support / resistance trendlines could trigger an impulse move on those sides respectively. With resistance around - 712 - 714 With Support around - 702 - 700
Looking this commodity charts, bull's will definitely attention⚠️ on this Wave 5 is continue Very soon we can see sharp reversals on it Don't buy now only observe this charts actions
break down of Symmetrical triangle view turns bearish only positive on closing above 750 weekly close sell on rises down side target 650-625 in next 2-3 month view fails on closing above 750 levels on weekly bases with volume