ridethepig

Copper Flirting With A Final Leg Lower

Short
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
A good time to review the Copper chart, with a clearly cautious market and hesitant to break the lows before Fed. I am looking for a daily close below the lows to trigger a cascade of stops and resolve the pending ABC completion.

For the targets 2.45316 and 2.23342 are in play as long as the downtrend remains intact.


From a waves perspective we remain in the same flows as before, the final 'C' inside a macro wave 2;


Hope it helps.



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