Copper making a comebackCopper forming a bullish bat harmonic pattern on daily time frame. Can move towards 860+ levels.
CU1! trade ideas
COPPER $5.15+ SOONIt is lying at lower line of the channel. hopefully stay in it & touch 5.16 in next few weeks
Copper Bullish spike AppearancePerfect example:
Change the chart time to 5Min and see the highlighted box, you will find a bullish spike.
when it appears at support level sky is the limit, today it just formed and given 13 points till now in copper.
Copper Future - 4 hour Analysis CMP 4.475 Buy for Target 4.5-Copper Future - 4 hour Analysis
CMP 4.475
Buy for Target 4.5- 4.55- 4.6-4.65-4.7-4.8-4.88+
SL below 4.410
Copper big bullCopper looks good to buy now.
Now the market is at Higher low and trend reversal is already done.
ROI : 16.37%
Target : 892
SL : 703.55
NOTE : Can go for a buy when market open next trading session. Buy in the June contract and roll over to the July contract during June expiry if the target is not hit. Expecting 2 months to hit the target.
[MCX] Copper Retracement BetDo not short unless it is triggered.
Keep Stop Loss at Day high.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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COPPER RUN STARTS AGAIN?RETESTING DONE OR READY FOR BREAKDOWN?
holds 735 levelsthen 822 next or breaks dowm to 650 again.
#MCXCOPPER #COPPER correction completeMCX Copper has just traced out a pattern that can be interpreted as a A-B-C Zigzag from recent highs. All 5 subwaves of the final C wave seem to be in place. This now means the uptrend should be back in force to new highs. Hold longs with Stop at recent lows.
Copper Futures CMP 4.49 Target 4.53- 4.58- 4.61- 4.65- 4.68-4Copper Futures
CMP 4.49
Target 4.53- 4.58- 4.61- 4.65- 4.68-4.75-4.81+
SL below 4.435
#MCXCOPPER breaking out of a triangleLook for a strong upmove the next couple of days as Copper heads out of its sideways triangle pattern. At present the triangle seems complete and the next wave upwards is in its early stages.
Copper Week 19-AprView taken on 18-Apr : Seems 4 March Mother day candle breakout upside happened on 14-Apr.. So, 16-Apr fall is only a retracement to Mother candle High (702).. Price should again bounce from 702 --- Buy if day candle is not closed below 702 in first retracement
Note: This is not positional Long view. View is for intraday Scalping ONLY... Buy at 702 to book 3-5 point Intraday profit
Copper-Sell (Positional)Feels like a fall as per my technical analysis.
Sell copper around CMP (712.45-712.5)
SL>719.3
TGT as marked
Note it's not an intraday trade.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
copper little correction up side, then will be down to completecopper little correction up side, then will be down to complete
