E Copper In A Bull Move

Copper is bullish up from March of 2020. We see blue waves 1 and 2 completed of a new cycle, so current strong bullish move from 2.36 level can be a higher degree wave 3 in action, which still has some room to fill. We see price making a temporary pullback as wave 4) of 3, which can be a triangle or a flat, and can look for support/bullish turn at 2.9 or 2.8 level. Also, a confirmation that corrective wave four is underway will be a break below the lower acceleration channel line.

Copper. 4h

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.