Time to go Long with stop below the "circle" areaSimilar to last time the HG touch below the 2.55 area: trade some time below, get momentum and break above, trending higher. Looks similar right now. The trade setup is good because the stop is clear.
Cooper
XCUUSD Cooper before 8% reduction... The exchange rate moves in a double falling wave system. The ATR data shows that the decline will slow down. Therefore, the first half of the double wave structure may be a whole wave, after the correction the second part is expected to be half a wave. The target for this reduction is 2.4093
Rising Wedge Continuation Pattern on XCUUSDThe rising wedge forming on XCUUSD is to be treated as a continuation pattern. Wait for the break of the wedge with a 4hr close below.
Cooper plus Changhai Composite RelationshipWe can clearly see the relationship of the Shanghai composite and its copper future, as the price is greatly affected by the beginning of the war Trade / USA / China // , in the chart I have highlighted the beginning of this event, and also the main base below the Shanghai Composite price., trend. There is also mention of the almost instantaneous effect in the adjustment of the Chinese currency , in order to compensate to a certain extent the effects of tariffs rise as well.
pennies to thousands short candidate etfbelow weekly cloud rsi weakening stoc crossed down money flow going down cci and percent r going down china may be slowing
Copper yet has not bounce but still can do it.This is a follow up of the last elliott wave analysis published 8 months ago www.tradingview.com
The basic change is in the extended 5th.
The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals.
So the best way to update it is by extending the 3rd wave as a double zigzag and then count the following up sided zigzag as a wave 4.
This give us space for the fifth wave that is getting near to the 1 to 1 proyection for the 5) vs the traveled from the start of 1) to the end of 3) measured from the end of 4).
#Cooper possible longClosing the gap (red circle) could potentially be a point of retracement. The GAP PRZ around 78.6 is marked with red rectangle. However harmonic bat for bullish move is lower @3.04 with nice structure support. Possible drop to 3.00 is not out of the question.
#Cooper, #bearish #gartleyCooper failed to make new high. Pulled back on strong structure res. Ret. to 23.6, expected more, 38.2
