X87
Short

Be ready to SELL. Wave 4 near to end.

OANDA:XCUUSD   Copper
71 2 0
Since nearly 5 years we had been transiting a bearish correction channel. After US election we experienced a bullish impulse not yet corrected. Anyway we had already arrived Wave 4 and ready to bear back. Watch price action. If flag, then probable fast bull impulse. Be aware that price could be reaching 2.80 but after that ready to bear . If broken, new entry point bull will be 3.00. In this trading idea Entry bear 2.45 SL 2.68 TP1 2.20 expect correction and then TP2 2.00 or Wave 5 end.
What the rationale of light blue horizontal line on the chart? How do you choose resistance levels? (are pivotal levels?)
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I'm sorry but I never head about a 4 wave corrective action. Astonishing... Usually corrective actions are 3 waves ones (Elliott theory), your chart is, at best, FUNNY.
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