Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Title: Copper Futures ( HG1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 4.2900
Pivot: 4.2200
Support: 4.1105
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 4.1105, where the previous swing low is.
Alternative scenario: Price could head up down to retest the pivot at 4.2200, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 4.2900
Pivot: 4.2200
Support: 4.1105
Preferred case: Looking at the H4 chart, my overall bias for HG1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Expecting price to continue heading down towards the support at 4.1105, where the previous swing low is.
Alternative scenario: Price could head up down to retest the pivot at 4.2200, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.