Copper - decent correction

13 нояб. 2017 г.

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 нояб. 2017 г.

Заметка

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

6 дек. 2017 г.

Заметка

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 янв. 2018 г.

Заметка

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