Copper FuturesLong
Copper Future elliott and neo wave
Hi all this analysis is based on Elliott wave and NeoWave concept.
we are elongated flat correction at 1 month time frame, or we are in 4 th wave which is corrective wave once 4th wave is complete, we can see 5thwave which is fib extension of 3 start and to 3rd wave end and project till 4th wave end. so, we will get 0.618% that will be the 5th wave target.
as of now we are in corrective phase of 4th wave or else X wave. once correction pattern is over, we will see another leg moving in upward direction as ABC or 12345.
Trade setup for long term.
Buy above-760
Stop loss would be 2ATR
target:-887
Target 2-1038
we are elongated flat correction at 1 month time frame, or we are in 4 th wave which is corrective wave once 4th wave is complete, we can see 5thwave which is fib extension of 3 start and to 3rd wave end and project till 4th wave end. so, we will get 0.618% that will be the 5th wave target.
as of now we are in corrective phase of 4th wave or else X wave. once correction pattern is over, we will see another leg moving in upward direction as ABC or 12345.
Trade setup for long term.
Buy above-760
Stop loss would be 2ATR
target:-887
Target 2-1038
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.