Copper Futures – Pattern Breakdown with Bearish Setup
🔻 Symmetrical Triangle Breakdown Observed
Major breakdown from a long-consolidating symmetrical triangle indicates potential downside.
🔸 CMP: 804.80
🔸 Upper Breaking Range: 852.60
🔸 Lower Breaking Range: 791.10
🔸 Selling Target: 740.40
🧩 Pattern Summary:
• Clear breakdown from triangle with strong bearish candle
• High volume breakdown day confirms seller dominance
• Retest possibility around 804–810 zone before continuing the fall
• Pattern aligns with previous swing zones and Fibonacci clusters
💡 Trade Idea (for educational purpose):
Wait for price to break 791.10 with volume or retest rejection near 804–810
→ Target: 740.40
→ SL: Candle close above 830 or Above Trendline
→ Risk-Reward Approx: 1:1.5+
📌 Stoploss candle close only, Target Trigger Price
📌 This is not a buy/sell recommendation, just an educational trading idea.
🔻 Symmetrical Triangle Breakdown Observed
Major breakdown from a long-consolidating symmetrical triangle indicates potential downside.
🔸 CMP: 804.80
🔸 Upper Breaking Range: 852.60
🔸 Lower Breaking Range: 791.10
🔸 Selling Target: 740.40
🧩 Pattern Summary:
• Clear breakdown from triangle with strong bearish candle
• High volume breakdown day confirms seller dominance
• Retest possibility around 804–810 zone before continuing the fall
• Pattern aligns with previous swing zones and Fibonacci clusters
💡 Trade Idea (for educational purpose):
Wait for price to break 791.10 with volume or retest rejection near 804–810
→ Target: 740.40
→ SL: Candle close above 830 or Above Trendline
→ Risk-Reward Approx: 1:1.5+
📌 Stoploss candle close only, Target Trigger Price
📌 This is not a buy/sell recommendation, just an educational trading idea.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.