Copper XCUUSD: Double Bottom PatternDouble bottom pattern in Copper. Entry confirmation when price will close above entry level, i.e., 4.55935 and test this level as support. This is supported by a very slight divergence in RSI. The pattern is invalidated if the recent low, i.e., 4.51510, is breached.
The targets are shared on the cha
Bearish on Copper - Weekly and Daily viewOn Weekly, The price is trading in a channel/range and looks like it is headed towards the bottom of the channel
On daily, price is displaying corrective structure ABC.
My view: Although it looks like taking support at the trendline on daily, it coud potentially break and go down below.
I am
Long Copper Hi everyone, Hope you are having a good day.
Let'sdiscuss the trade idea on copper. I use a volatility contraction pattern which is given by Mark Minervini.
I believe before every explosion, there is a contraction or what i better know it as "silence"
Obviously we have to take all the other thin
Copper at Important levelCopper should respect the green line which is Fib 0.5 level and falling wedge
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COPPER AnalysisAs we can see from Dec to Feb price touch 3.93 level 3 times and fail. 1st time it create a bearish engulfing second time bearish harami. third time shooting start.
if price break and close below 3.719 level then we can see a target of 3.5598.
resistance 1: 3.93025
resistance 2: 3.96299
Support :
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Displays a symbol's price movements over previous years to identify recurring trends.