Updated: Corrective Pattern.
1. Fundamental Analysis
- Lack of news comes from China, which represents physical demand.
- Waiting for news from non-china (i.e USA: readings from initial claims, unemployment rate...), which show the extent each country are recovering after pandemic.
2. Technical Analysis
- Daily: Copper remains corrective pattern in daily timeframe . And it moves as Wave A-B-C as paragraph.
- In H1: I predict that Wave B are forming, and it can reach to 4.24 - 4.30.
Keep in mind that: 4.24 is resistance zone .
1. Fundamental Analysis
- Lack of news comes from China, which represents physical demand.
- Waiting for news from non-china (i.e USA: readings from initial claims, unemployment rate...), which show the extent each country are recovering after pandemic.
2. Technical Analysis
- Daily: Copper remains corrective pattern in daily timeframe . And it moves as Wave A-B-C as paragraph.
- In H1: I predict that Wave B are forming, and it can reach to 4.24 - 4.30.
Keep in mind that: 4.24 is resistance zone .
