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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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。