Correction in Copper Almost Over! - Elliott wave analysis

2020年8月14日

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!

2020年8月18日

ノート

Copper started to break above the upper corrective channel line. 2020 high in view, and expected to be breached!

2020年8月19日

ノート

Copper beyond 2020 highs, and targeting 3.09/3.15 possible resistance/reversal level, as wave 5 of a bigger impulse is underway.