Copper - decent correction

2017년 11월 13일

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.

2017년 11월 21일

노트

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

2017년 12월 6일

노트

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.

2018년 1월 3일

노트

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