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Micro Copper Futures

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MHG1! trade ideas

COPPER1! - Entry 25-02-2022 14:20:00Symmetrical Continuation Triangle (Bearish) Implication A Symmetrical Continuation Triangle (Bearish) is considered a bearish signal, indicating that the current downtrend may continue. Description A Symmetrical Continuation Triangle (Bearish) shows two converging trendlines, the lower one is ascending, the upper one is descending. The formation occurs because prices are reaching both lower highs and higher lows. The pattern will display two highs touching the upper (descending) trendline and two lows touching the lower (ascending) trendline.
MCX:COPPER1!Short
by ganesanselvaraj
COPPER1! - Entry 24-02-2022Descending Continuation Triangle Implication A Descending Continuation Triangle is considered a bearish signal, indicating that the current downtrend may continue. Description A Descending Continuation Triangle features two converging trendlines. The bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows occurring at a constant price level, with highs moving constantly lower. The pattern displays two highs touching the upper trendline and two lows touching the lower trendline.
MCX:COPPER1!Short
by ganesanselvaraj
#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
COMEX:HG1!Long
by SolomonsView