HG1!COPPER Another beautiful!!! I repeat BEAYYYYY utiful Buy low opportunity on the day for a day 3 daily template (ON A TUESDAY!! DAY 2 ) parabolic range expansion
COPPER1! copper buy call zooms and hits days high877, enjoy16 points in each lot and 32points from both lot, from suggested buying level 861yesterday under single level double lot sterargy. Enjoy Enjoy and stay tune with Jai Hind for much boom boom show.
honestly copper looks great, big week of MRN up ahead, from a HTF POV looks like theyre starting to put pressure on monthly breakout traders. were currently in level 2 ofcurrent year's expansion. lets see how the week setups up. if i were you, id save your bullets for friday. from my experience, the days leading up to NFP are greedy days for insitutional money, if you get in great, but youre not meant to get in in the days leading up to it. if you struggle trading on NFP weeks, wait til friday. and AFTER NEWS!! the markets arent going anywhere, stop thinking youre gonna miss out.
im guessing we will GAP DOWN below 4.50-4.45. and start trapping volume low.( if we want to continue this bullish momentum that came to a halt mid month ) , might even make it to 3.950-3.710 on the contrary.. which is why ill probably wait til the week unfolds.
theres 3 days of breakout traders short from wednesday. theres also reason to believe they could come back to shake anyone out that had the direction right.
thats the thing though. speculation isnt profitable. actually seeing how the market opens/closes, reacts, (timings , levels, behavior of price) seeing YOUR setup that makes YOU money, sitting on your hands, adding to winners, cutting losers short. just be patient.
"you cant make a baby in a month by getting 9 women pregnant in a day."
HG1! A lot of selling pressure kicked in nicely. A nice head and shoulder formation played out. Buyers are pinned as currently. One more leg down could happen. Price is making a bullish divergence currently. A long play is currently in order due to unfilled orders not being filled above. Risk management is key around point of control areas. Short term long overall bearish.