sngyuchao

CPER Long: Completion of Flat

Long
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.