Change of polarityCopper 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
HGK2025 trade ideas
COPPER 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 breakout.
5. There is also a "W' pattern formation after the breakout and retest. Which is a continuation pattern.
6. If the price holds the retest and shows a reversal candle stick formation,
This could be a bullish reversal.
7. The first target for price is around 740.
Copper MCX ready for upside move 3.5 to 4 points profit running 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper Future Elliott waveHi 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 failure irregular flat, then market price will rally upward sharply once there is support of volume can be seen on larger time frame, if this is contracting triangle then we will see D leg and E leg which will be time consuming and after that it will rally only the widest part of 70-120% like can be seen as A wave.
Buy -721.10
Target-730
SL- 2 ATR
Copper till 720 not break Sell on riseOn 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Possible short oppurtunityAt major resistance
Likely to reverse but considering dollar weakness, can be good long trade if brakeout happens and sustains above 740- 745 range
Copper Future elliott and neo waveHi 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 of now we are in corrective phase of 4th wave or else X wave. once correction pattern is over, we will see another leg moving in upward direction as ABC or 12345.
Trade setup for long term.
Buy above-760
Stop loss would be 2ATR
target:-887
Target 2-1038
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 till 716 not break buy on dip 743 Target 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper MCX | Waiting for the BreakoutCopper 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 patience is key.
For those who prefer more aggressive setups, there's a slightly riskier approach: consider selling near 720 and buying near 695. This approach carries a lower risk, but remember to manage your trades cautiously. Stay informed and trade smart!
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
copper Mcx 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 .
A triangle about to breakSince 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
Is it ready to flying✈️✈️✈️✈️✈️✈️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
Copper mcx 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
sell copper 705--706 sl 707.80 tgt 701--696sell copper 705--706 sl 707.80 tgt 701--696 looking copper spot blw 3.62 dwn only sell woth titgh sl looking dwn side move
Copper Swing Opportunity Hi All - good opportunity to go long on Copper Futures for short term in 1h chart.
Key Highlights:
1. Bouncing off support zone with good volume
2. Showing good strength
3. Good risk and reward
Copper views -Dt-21/09/2023As per my views , i can see copper in down trend, which it could go 700.
In higher time frame it is visible "Head and Shoulder pattern".
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
Foundation built in copper@ 720I m very bulish on copper due to ev segments busting in automobile industry
Wide range of band is 720 to 760
Buying starts with strict stoploss of 720wclb
My target is 760/800
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
