Correction in Copper Almost Over! - Elliott wave analysis
Hello traders!
Copper is slow and overlapping from the high so we see market in a corrective set-back. Ideally that is a wave four which may try to find support now at the rising trendline. As such, be aware of a new continuation higher, especially when/if upper line of a corrective channel support is taken out.
Trade well!
Copper is slow and overlapping from the high so we see market in a corrective set-back. Ideally that is a wave four which may try to find support now at the rising trendline. As such, be aware of a new continuation higher, especially when/if upper line of a corrective channel support is taken out.
Trade well!
Comment:
Copper beyond 2020 highs, and targeting 3.09/3.15 possible resistance/reversal level, as wave 5 of a bigger impulse is underway.
Copper beyond 2020 highs, and targeting 3.09/3.15 possible resistance/reversal level, as wave 5 of a bigger impulse is underway.
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Copper started to break above the upper corrective channel line. 2020 high in view, and expected to be breached!