LRC1! trade ideas
Copper: Change in polarity1. support and resistance spotted
2. support broken
3. support now acts as resistance
4. falling gap from the resistance
5. Use the gap in your trading plan
P.S. Trade at your own risk, this is for educational purpose only! Do not treat this as TIPS! TIPS=SPIT
LEARN AND EARN YOURSELF .... INDEPENDENTLY
WAVE 3 UPCopper prices took support on the 20dma for a 4th time in a month, so clearly that is the pivot for now and is at 3.0$. Holding it the trend is up to higher levels discussed in the previous update.
Nearing the supply zone, Look for reversalPrice reaching reversal area that is supply zone. Was a good buy trade from the support, in no time price reaches the resistance levels.
Look for sell trade if rejects from the supply zone.
Price closed above Feb 2019 resistance.Price after a big fall from February 2019 resistance levels recovered big and closed strongly above the resistance levels in weekly time frame which is good sign for bull ride.
Elliot wave Analysis Commodities Outlook (Base Metals)
NICKEL SEP FUTURES & COPPER SEP FUTURES Outlook
Copper Retracement in WeeklyCopper is on sell. Weekly Target 509/505/502. Intraday spike for buy will be nullified by a major sell-off in the weekly scenario. We can see 505 by the weekend.
copper analysis Hi guys this is Trader Kanishk
In this analysis of COPPER Today
WE will discuss :
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video and
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
