Copper's breakout

03/10/2022

Copper's breakout

I was looking to buy Copper after a pullback for wave (e) but this pullback did not go very far. In a triangle [(a),(b),(c),(d),(e)] wave (e) should end near the lower line , near 4.25. I think the war in Ukraine caused copper to rally immediately without a proper pullback. Copper made a new high above the top of wave 3, this suggests wave 5 up is underway. The current pullback is probably the second wave inside wave 5, wave 5 will be in five waves. The target is near 5.70.

Posted by Better Trader on 03/10/2022 at 02:05 PM in Copper | Permalink

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Better Trader

03/10/2022