Copper has been correcting sideways since the May '21 high. The correction has taken the form of a triangle and the internal waves of the triangle show the expected 3 wave alternating movements. The recent low of 4.25 has a good chance of being the terminal wave e of the triangle. There is also a possibility that we are still in wave d and wave e is yet to form ( see alternate dotted path). If this is the case then wave e will be delayed but will still be expected to be above wave c low of 4.13.
Either way, the triangle has just been completed or will do so soon.
A close above the upper trendline should validate the strength and result in Copper moving 15-20% up. Targets are between 5.25 to 5.45
Either way, the triangle has just been completed or will do so soon.
A close above the upper trendline should validate the strength and result in Copper moving 15-20% up. Targets are between 5.25 to 5.45
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。