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zhipengcfel
Jun 9, 2017 5:40 PM

Elliott wave analysis on copper (2017-06-09) Long

CopperFXCM

Description

Copper might have finished the wave (4) mid-term flat correction.

Wave (5) might start from here.
The target should be similar with wave (1) (sorry I labeled (A) before) because we have an extended wave (3).


Good luck for everyone!

Trade closed: target reached

Price is coming to the upper line of the channel. Close the position and wait.

Comment

It might have a pull back here. Wait patiently for the pull back and buy low again.
Comments
royalbengal
hello do you feel this 5 th wave near to end @ 38.2% correction from top to bottom or this 5 th wave rally will continue to test 50% @3.30 pl update inside of this 5th wave as per elliot wave rules.hope you will get time to look this
zhipengcfel
@royalbengal, Agree. The 5th wave is almost done. It is better to exit the long here and wait for the pull back.
royalbengal
sir pl update on copper chart as of now progress with future path
royalbengal
THX SIR
royalbengal
hello sir is it 5th wave or xwave of 4 th wave pl confirm on urgently
zhipengcfel
@royalbengal, i think it is 5 th wave. It should break up previous high soon.
AndresWeisser
Thank you!
zhipengcfel
@AndresWeisser, you are welocme.
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