Copper Cathode Futures
CU1! trade ideas
COPPER (26th FEB 21) Above 644.50, May Move Upside Till 647-652 On the Daily Chart copper is looking strong and also it has shown small profit booking in the morning session now if it will shift above 644.50 then it may go upside till 647 and 652. Low risk trader can go long above 644.50 with stop loss of 642.20 and safe stop loss will be day's low 641.50.
Copper Comex 100221 00.40hoursCOPPER COMEX
Monthly Chart breakut has already been witnessed above 3.25
Expect the rally towads 4.25-4.65.
resistance will be at 3.79, 3.84 and 3.98.
As long as 3.49 is not violated
A rise to test resistance and the supply zone of 4.25 or above range can be tested in due course of time with volatility.
Copper - The wave count - And the future Om Namah Shivay
Trying Copper after Gold. What is the similarity between all the MCX from that of the Indexes and that of the stocks. I am not sure. Need to study.
Copper wave count is med complex. Have not applied the retracement tool. The count were easy with other measuring tool.
Looks copper movement could have reached leg 3 like that in Gold. If it is same, then it may come down for the leg 4 formation.
Om Namah Shivay
Bearish butterfly on mcx copper Potential reversal zone 625-626
expecting to test 616
view negated above 630 daily close
Thanks
Jigar Pateel
8898030401
MCX Copper in a Temporary Pullback (EWT)Copper has made the Bullish Elliott wave on the daily timeframe. It's completed the five-wave cycle, ABC correction is remaining. After the 5th wave, the trend started to make the A, and it's still making it. It has to cross 585 - 580 - 560 . After that, It will rise for a short period to make the B. And it will fall again to make C. But all over, it's an uptrend.
Copper - Raising Wedge patternPrice almost at its previous resistance levels (2018 resistance, dotted line) by forming a Raising Wedge pattern and you know what I mean, but don't jump in and short the price until it reaches the levels else if one is aggressive in kind short and have your stop above the previous high candle with buffer.
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example of Range Trading Strategy In this chart,
Price is making a particular range and this is the example of range trading strategy.
We can take entry when price breaks the range and PRICE close above or below the Range.
I will make study so Trader can use and take profit from this Strategy.
If You Own MCX Copper, Look Out Below MCX Copper is playing under a parallel channel. Currently, it's at the support trendline. Additionally, there's a Fibonacci retracement value of 0.886 .
The best trading strategy for the day traders is:
According to a moving average and parallel channel's support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 - 540 - 556+ .
Important - Due to the election of the USA.
From where it starts collapsing?
You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 - 506 .
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
