Copper correction is on its way
Copper reached a new high at 4.4 and has completed 5 waves upside. You can see the instrument is within a broadening wedge and a correction could lead us to a 3.7 support test. If we don’t see a substantial break above 4.25 we are heading lower to wedge support. This will certainly not change the upside reversal dynamic substantially.
Note – Look for the short trade entries with the stop loss above 4.25
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