MCX copper within the downward channelMCX copper withing the channel and brokem imp support 845-840 with strong bearish candle
below this 820--800 possible on downside...
view is valid till it is below 845
views are for educational
CE1! trade ideas
Copper - Verge of a breakoutWith most commodities melting up, copper could be the next one to lift off..
This would affect a lot of wire makers in India so be cautious of this space.
For those trading the commodity it could make for a good long above 4.825 with a SL below 4.70.
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.
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.
Copper looking bullish!!!Copper broke resistance 785 level based on the Fibonacci study and heading towards its following levels 815.
Copper will treat 785 as its support level.
GANN resistance levels in between will be 799 & 813.
Strong buy signals appear using Heiken Ashi, Super Trend and Follow Line Indicators in Copper.
#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
DR. Copper - Game of PatienceKeep an eye on Copper. It CAN be a wait of few more weeks, before it breaks out
Copper testing a long trendline Copper is trading in an upward trend with a strong upward trendline acting as a support. Taking a rejection at two zones as mentioned in chart. A break below in upward trendline can suggest a weakness in an ongoing net demand and can suggest a change in trend. Levels mentioned in chart. Follow strict risk management.
MCX COPPER BUY CALLCMP 743
SL 741.50
TGT 749-752-755
Copper is taking support at 742 again and again. It is a bit risky call for short term traders.
If it breaks 742 then it may fall to 738.
So we are bullish if it stays above 742.
COPPER conditional long tradeCopper fut now at 752
harmonic and price action study
bat pattern with ascending triangle pattern
once breakout above high point of B trade can be confirmed
copper pullback entry 750.40 to 748.90 - intraday basiscopper pullback entry 750.40 to 748.90.sustaining above 756 can big upmove.sl 740 in 1hr below close breakout
📊 Copper Swing Trade 🎯MCX:COPPER1!
Everything mentioned chart ones get breakout, one can enter as per their trade setup. Target already mentioned and that is trailing basis, stop loss recent swing low.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
MCX Copper FuturesCurrently forming an Elliot flag pattern ABCDE perfectly. Hoping to bounce back from here till previous high
MCX copper h&S pattern copper in hourly time frame made a big h&s paatern (red color)
and at right hand of big H&S pattern made another small h&s pattern (blue color)
sustaining below 725 may tgt 715-710
bigger H&s (Blue h&s) has 50--100 points tgt if neck line broken (yet not broken)
smaller h&S (red color_ has tgt of 25---12 if neck line broken
Copper Long InitiatedCopper has retraced to the support zone on daily. Being in a long term uptrend, the risk reward favours a buy from here.
Copper outlook with support , resistance and important levels Copper current scenario trade with the given levels and pattern .
Follow for more
thank you
copper intraday 19/11/2021copper intraday as of now it looks gap up...
by chance on evng session if opens around 731.10 to 732.20 levels
and took resistance there then it had some chances to reverse towards 725.80 to 719.40s..
so dont urge to take any positions on opening... good luck for the day...
note :
above 732.20 we ll get more pain to sellers.. stick with the levels...
for proper ranges
8825531648
Copper LongCopper Long
Buy at CMP- 742.2
SL- 738.6
Target- 746, 751.2, 755.5
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
BuyBuy copper at cmp 745 and in dip at 742 stop loss 733 target 778-781 , 792, 801, 840
Disc : it's not an investment advice to buy or sell
Copper LongCopper Long
Buy at CMP- 741.5
SL- 735.5
Target- 748.2, 751.2, 755.5
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
