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.

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