wsbza

Possible Long Term Structure

wsbza Updated   
COMEX:HG1!   Copper Futures
price could be at the late stage of wave (A)
Comment:
Daily
Comment:
one more wave up after the 'flat' correction?
Comment:
Comment:
The recent low of 2.6735 on 19th July is very close to the 50% retracement level at 2.6675. Another solid close above 2.8670 could argue 2.6735 is the end of wave {c} of 4 and would signal further upside potential.
If that's the case, the minimum upside target would be to re-test the blue wave 3 high at 3.322 (on 28th December 2017)

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'


Email:info@ewc.space
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.