Copper - decent correction

13 בנוב׳ 2017

A number of factors point towards the possibility of a decent correction for copper (and Emerging markets with it?). The parallel channel, the fib measurements and the relatively straightforward count all suggest to me that there could be a prolonged period of downside here. Not shown on the chart is that Copper has also failed at it's R2 yearly pivot.

21 בנוב׳ 2017

הערה

Decent bounce at the 61.8 fib retracement. Am considering more bullish alternative counts for this.

6 בדצמ׳ 2017

הערה

Looks like the original analysis of a decent correction is holding sway at this moment although copper is having a bounce at the 23.6 fib correction of 0 - 1. I'm bearish here though and see further to fall.

3 בינו׳ 2018

הערה

Only thing of note here is that the current impulse is the same length as my wave 1.