Copper 4H Bullish Scenario – **
Copper is currently exhibiting a **classic Cup and Handle formation** on the 4H chart, signaling potential for a bullish continuation move.
#### 🔍 **Technical Breakdown:**
* **Cup Formation:** The rounded base stretching from mid-April to June formed a well-defined “cup” bottom. This signals long-term accumulation and shifting momentum to the upside.
* **Handle Formation:** The recent consolidation forming a slight dip to the right is acting as the handle. It's shallow and holding well above the mid-range, showing strength and limited selling pressure.
* **Breakout Zone:** Price is now pressing against a **key horizontal resistance around the 4.88 – 4.90** zone (shaded red). A break above this neckline would confirm the pattern.
* **Target Projection:**
Using the depth of the cup (\~\$0.45), a confirmed breakout above **\$4.90** targets the **\$5.35** zone (aligned with the green take-profit zone on your chart).
* **Volume:** Volume shows steady accumulation during the cup phase and lighter volume during the handle – a textbook setup that often precedes a breakout.
* **Moving Averages:** Price is trading above the 20 EMA and 50 EMA, with a bullish crossover in place, reinforcing the positive momentum.
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### ✅ **Bullish Play Setup (if breakout confirms):**
* **Entry:** Above \$4.90
* **Stop-loss:** Below \$4.75 (handle low or below shaded support)
* **Target:** \$5.30 – \$5.35 (measured move)
### ⚠️ **Watch For:**
* False breakouts – wait for strong candle close above \$4.90 with volume.
* Any sudden macroeconomic shocks (e.g., China demand, Fed decisions).
✅ Bullish Play Setup (if breakout confirms):
Entry: Above $4.90
Stop-loss: Below $4.75 (handle low or below shaded support)
Target: $5.30 – $5.35 (measured move)
⚠️ Watch For:
False breakouts – wait for strong candle close above $4.90 with volume.
Any sudden macroeconomic shocks (e.g., China demand, Fed decisions).
Copper is currently exhibiting a **classic Cup and Handle formation** on the 4H chart, signaling potential for a bullish continuation move.
#### 🔍 **Technical Breakdown:**
* **Cup Formation:** The rounded base stretching from mid-April to June formed a well-defined “cup” bottom. This signals long-term accumulation and shifting momentum to the upside.
* **Handle Formation:** The recent consolidation forming a slight dip to the right is acting as the handle. It's shallow and holding well above the mid-range, showing strength and limited selling pressure.
* **Breakout Zone:** Price is now pressing against a **key horizontal resistance around the 4.88 – 4.90** zone (shaded red). A break above this neckline would confirm the pattern.
* **Target Projection:**
Using the depth of the cup (\~\$0.45), a confirmed breakout above **\$4.90** targets the **\$5.35** zone (aligned with the green take-profit zone on your chart).
* **Volume:** Volume shows steady accumulation during the cup phase and lighter volume during the handle – a textbook setup that often precedes a breakout.
* **Moving Averages:** Price is trading above the 20 EMA and 50 EMA, with a bullish crossover in place, reinforcing the positive momentum.
---
### ✅ **Bullish Play Setup (if breakout confirms):**
* **Entry:** Above \$4.90
* **Stop-loss:** Below \$4.75 (handle low or below shaded support)
* **Target:** \$5.30 – \$5.35 (measured move)
### ⚠️ **Watch For:**
* False breakouts – wait for strong candle close above \$4.90 with volume.
* Any sudden macroeconomic shocks (e.g., China demand, Fed decisions).
✅ Bullish Play Setup (if breakout confirms):
Entry: Above $4.90
Stop-loss: Below $4.75 (handle low or below shaded support)
Target: $5.30 – $5.35 (measured move)
⚠️ Watch For:
False breakouts – wait for strong candle close above $4.90 with volume.
Any sudden macroeconomic shocks (e.g., China demand, Fed decisions).
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.