copper trand 15 minit candal chart copper is up trade progress long time this year copper 36% gain this rang very somuth for sell but without stoploss no trade my prediction in the chart
CU1! trade ideas
Copper passed 10Y high in crazy mode with inflation issue ahead!Hello everyone. The previous bullish setup of copper worked very well.
What's behind the bullish setup other than technical structure? It's inflation!
It looks a dead loop! The disappointed employment data released last Friday obviously postponed the time of interest rate hike. That's good news for stock market temporarily at least. We can see how NQ reacted to it.
However, investors started to realize that we got an issue here this time. After one year of incredible loose monetary policy, things are becoming expensive. If you check the property prices around the world, you will know what I mean. Let's take New Zealand for example, property prices has surged by approximately 20%. That's a signal. Look at crude oil rebound from negative price to $65 per barrel. The list goes on and on.
Copper is just one of them. It surpassed its 10Y high recently. Look at the rising angle. It's crazy. How long will it go up in that way? I don't know. What I know is that copper is wildly used in our daily life. The surge will lead to prices of other things to go up. In the end, everything becomes expensive.
Don't worry. until now, the inflation is still low. My personal warning line is 4%. If the PCE is firmly above that level, shit will happen. Central banks are likely to raise interest rate to handle the inflation issue. What if the economy still in the deep shit? I really really hope that won't happen. If it does, buy gold, properties, commodities and reduce your exposure to stocks, bond and cash.
Will the economy back to track before inflation rise? Let's see!
#COPPER mcx -12TH MAY 2021- HOURLY TRADE#COPPER mcx -12TH MAY 2021- HOURLY TRADE- COPPER IS TRADING ABOVE THE WEEKLY SUPPORT AND TREND LINE SO WE WILL BE LOOKING FOR THE BUY OPPORTUNITIES NEAR 794 AND SL WOULD BE AT 787 AND TARGET 822 , TRAIL SL, TRADE CAUTIOUSLY.
Copper to $6 $HGCopper is likely to hit $6 by this time next year. These fib levels couldn't line up more perfectly.
Copper Feb and Apr/May moveWe may consolidate until June but not counting on 5.00 to 5.15 move before happening.
Copper Mcx Daily AnalysisPls look at charts
Target given both sides.
This is for education purpose only.
Copper go brr copper nice breakout here ! look for small dip entries while its hot ! breaking top trendline reaistance and holding for now. thats always a good sign ! :)
COPPER- Can it go to 6??Copper is flying high and the question is where to?
We have reached all 4 take profit targets , relatively faster than expected.
Does Copper price have potential to go to 5 or even 6? I guess we will find out soon.
the FXPROFESSOR
COPPER ATH! WOO HOO!No point TA'ing this one, It's an All Time High.
Which means anything could happen, we could crash to the bottom of the ascending channel, or go to $6. My money is on $6.
All an "ATH" tells me is now that the price broke higher, it can, and probably will, meet the highest price again.
Just publishing this one because I think everyone needs to know how valuable Copper is right now, increase that awareness.
Wish you had have bought at $2.5? Don't worry about, just grab any motor or gadget that someone is throwing out, you could own copper for free.
and why not, people throw Gold!/Silver!/Copper/Nickel/Zinc/Palladium!/Platinum!/Brass in the bin all the time.
Is it worth it? ahh, Hindsight is worth it.
Check out my Silver Price prediction. Those are your reasons for Copper going up in value.
Traditional|HG1!|Long and shortLong and short HG1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
Copper Very Cheap and New Silver 8$-9$-10$ Copper, Solar panels,
wind turbine and New generation drone, jet, car, tank, heat pipes,
electricity. so copper will be needed every day.
It was the decision to press the US and Europe bar at first.
In other words, they will encourage the people to shop by impoverishing them.
Factories will store tons of copper, except for those who want to protect their money.
I have not seen any damage so far. Those who wait will always win.
Don't Shake Yourself. Think long term.
It is not investment advice.
I buyed, I wait, I'll keep it until I die if necessary.
I will leave a legacy to my children.
The graphics never hold 100%,
do not stretch yourself,
do not hurt yourself to make a trade.
After all, copper will be used in those skyscrapers.
Cu time, Cu time, Copper win time...!
Copper (update)Update: The Copper / Gold ratio is now hitting levels not seen in 3 years. Pushing thru this level would be a major confirmation for base metals and commodities in general.
There are candles from in 2011There are candles formed in 2011 on M chart around $4.5. I wonder if this would act as a resistance.
COPPER EYES NEW HIGHCopper continues its strong upward trend, pushing towards a new high of 4.7 which is the 1.618 fibonacci retracement.
Elliott Wave View: Copper Should Remain SupportedShort term Elliott wave view in Copper (HG) suggests the rally from April 1, 2021 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from April 1 low, wave 1 ended at 4.16 and pullback in wave 2 ended at 3.988. Wave 3 is currently in progress with internal subdivision as another impulse in lesser degree. Up from wave 2, wave (i) ended at 4.034 and pullback in wave (ii) ended at 3.9985. Copper then extends higher in wave (iii) towards 4.277, and dips in wave (iv) ended at 4.223. Final leg higher wave (v) ended at 4.2965 and this completed wave ((i)) in higher degree.
Pullback in wave ((ii)) ended at 4.2039 and the metal has extended higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 4.296 and pullback in wave (ii) ended at 4.2465. Wave (iii) ended at 4.517, and wave (iv) is in progress as a zigzag and should find support at 4.4 - 4.43 blue box area for 1 more high to end wave (v) of ((iii)). Afterwards, it should pullback in wave ((iv)) before the rally resumes. Near term, as far as pivot at 4.2039 on April 21 remains intact, expect dips to find support in 3, 7, or 11 swing for further upside.
