CPER Long: Completion of Flat

sngyuchao Updated   
AMEX:CPER   United States Copper Index Fund ETV
I was looking at HG1! (Copper Futures) and that since I called the high of Copper, it has moved sideways into a clear 3-3 correction wave. The current move down could then be taken as a clear impulse which I will term the "5" in a Flat formation.

I did not expect that price will move below the support but I do expect that price will move up from here. Take it this way, it is now a better long.
Trade closed: stop reached:
Stopped. Luckily the stop is near.


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