Thus far Copper has been nothing but bullish this year. We now roughly completed the 5 wave upward impulse leaving us in an area to look for a possible correction.
On the 15m Copper seem to go further down for the rest of the day which would give us a nice pinbar respecting and closing below the angled swing resistance, recent swings highs at "3" and the 1618 projection of the last higher degree downwave. So start looking for shorts if that happens.
On the 15m Copper seem to go further down for the rest of the day which would give us a nice pinbar respecting and closing below the angled swing resistance, recent swings highs at "3" and the 1618 projection of the last higher degree downwave. So start looking for shorts if that happens.
Note
if you wanna jump in early, here is my view on the 5th wave on a 15m timeframe. So the correction might already started.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.