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LMEmini Copper A Grade FuturesLMEmini Copper A Grade FuturesLMEmini Copper A Grade Futures

LMEmini Copper A Grade Futures

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MC1! trade ideas

#COPPER #HG - Bearish interpretation with 3.55 potentialCopper's long rally from under 2.00 to 4.95 has been stalled and we have had a sideways move for the last few months There is very good support at the 4.05 area, but one of the Elliottwave interpretation allows for a rapid fall to the 3.50 area. What is visible is an a-b-c down move from May to late Jun in Wave A followed by a sideways triangle wave B. If this labelling is right we should expect a slide through the 4.05 support onto the 3.5 levels. From the current levels this is a 1:3 R:R trade
COMEX:HG1!Short
by SolomonsView