Look for OpportunityOn 30 Min candle charts if price break support
Possibly reach to the 1st target
As on chart
CE1! trade ideas
copper long trade plan (mcx)copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl
after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50
also there is one trend-zone coming from higher time frame acting as support
with this two confluence we can initiate long side trade
Possible break OutPossible break up in copper on 30 minute candle chart
Break previous support and near the pivot line
Take resistance from higher level
Copper Short Trade SetupCopper Prices facing rejection near the resistance of 735 expecting a fall to 729.80.
copper mcx update blwinterdy-- buy opper 732--731 sl 728 tgt 736--38++ yes on dailly chart gvn breakout or dollor index may support for buyer buy on dipss with tight sl cmp spot abv 3.72$ looks buy only or interday base
A Consolidation around the monthly support zoneCopper seems to be in a reactive zone now . Put this in watchlist and see how it reacts. Breakout / breakdown from either of those sides could attract a huge momentum in that respective direction.
copper zinc crucial update blwsell copper 728--29 sl 32 tgt 722--25-- zinc blw 221 dwn fall 219.80-217-- sellon rise soon may be creshed due to low economical data
silver mcx crucial update blwsilver trading range 71500-72965-- break any range with volume will clear move if stya blw 71500 thna expect dwn side 71110--70560++++++ where come dwn or hold abv support thna mkt dedcta bounce expect 72500++ where resistance act 72965 if stya abv more up side or if hold bwl than dwnnnnnnn again mor ein trade hrs update
Intraday Copper Looks Bearish MCX:COPPER1! As Per Day trading Strategy and Volume Analysis MCX:COPPER1! Looks Sell Side , if you are ready to take Risk then sell near 744, Sl 748, target 737,735
its a technical Call
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
Copper Bigger PictureBearish Harmonics In Copper Using As Buy Opportunity.
Sell PRZ - 783.6/786.6
SL - 799
Target - 755/745
If Breaks 799 then next PRZ - 812.4
SL - 815 ( Day Closing Basis )
Target - 770/757
If Breaks 815 then next PRZ - 863.95
SL - 886 ( Day Closing Basis )
Target - 802/782
sell copper --751 sl 754 tgt 745--742sell copper 751 sl 754 tgt 745--742 yes dollor index moving high thna profit booking expect from higher lvl
sell copper 738@--39 sl 741.10 tgt 734--732--726sell copper 738@--39 sl 741.10 tgt 734--732--726 looks fill gap in 4th hrs chart and lme copper also may slip due to profit booking
sell coper blw 724 tgt 719--714sell coper blw 724 tgt 719--714 sell on rise with tight sl 727 due to chines data looking dwn
Intraday Copper looks BullishAs per technical analysis Copper looks Bullish Buy above 627.60, Stop Loss 625, Target 631,635.50
Only for educational Purpose.
buy copper stya abv 719 buy on dipss tgt 722--728buy copper stya abv 719 tgt 722--728 keep tight sl 715 yes once 4th hrs chart dedcta bounce expect
Copper looks Bullish possible Elliott wave countsHello Friends,
Here we had shared possible Elliott wave counts on copper international chart.
Good thing is wave counts are aligned with each others in multi time frames, Over all it looks good to go long as per wave structure, whole scenario is shared in this video post, so please go through out this video post to understand the Analysis of copper as per Elliott waves theory.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
sell copper 715.20@--716 sl 718.65 tgt 713--709sell copper 715.20@--716 sl 718.65 tgt 713--709 yes cme spot copper stya bwl 3.72$ looks sharp correction 3.70-3.65$ in mcx chart showing some dwn side move sell on rise with tight sl
copper mcx update blw 724 full detail mcx copper sustain blw 724 looks dwn fall 715--711+++ yes on daily chart looks like some correctiion where mkt gone up but no sustain abv 738 or bwl 730 its drag now sell on rise with sl 729 .65 tgt gvn in report keep use sl
Copper Set to Outperform Silver!Attached: COPPER/ SILVER Daily Chart as of 20th June 2023
The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today
Within the Commodity space it appears that Base Metals are doing better than Precious Metals
And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow)
Technical Indicators also confirm the BO:
- RSI above 60
- MACD in Buy Mode and Above 0 line
- DMI in Buy Mode and ADX starting to Turn up
Bearish Butterfly In CopperBearish Butterfly In Copper
Sell PRZ - 731.25/731.7
SL - 734.1
Target - 728/726.5
Copper Trying To Turn UP from HereCOT reports slowly edging in bullish territory (May Still take a week or two).
Daily Momentum also trying to turn UP.
Price taking support at 200 Weeks MA.
I will be looking for Buying Opportunities in Copper , in coming Weeks/Months.
But a bit of Patience is the Key Here
sell coper blw 70looks dwn tgt 698--696sell coper blw 70looks dwn tgt 698--696 yes sell with 4th hrs high candel sl more update stya tuned with us
