7pasos
Long

Cooper about to bounce?

COMEX:HG1!   Copper Futures
If we take a look from 2006 the full view seems very probably we are in a expanded flat.

Actually the decline from 4.6480 seems to be the 1)) wave o a C] wave

The decline have several hints to confirm this view:
Wave 4th has a near to 50% retracement and is in a contractile triangle shape
Wave 5th is the extended one and are near to its 61.8% portion of traveled by waves 1 to 3

Under this theory we must expect a deep retrace (probably in a zigzag fashion) to get back as much as the 4.000 area

Comments

Follow up:
Reply
interesting view since most of the traders are bearish now!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out