Based on my Elliott Wave counts, Copper's fall should be ending. But there is still money on the table and it should be taken given that there is still a good 500 points (or 100 ticks in futures) to be harvested. Note that I have 2 parallel trendlines drawn using the recent highest 2 points and replicating it at the bottom. That will be where the take profit zone is.
Stop-loss above $3.086.
Stop-loss above $3.086.
Trade closed: stop reached:
Copper has moved only after a complex combination which triggered the stop loss here if you had followed my analysis. Even though the price did move down as expected.
