Copper - decent correction

2017年11月13日

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.

2017年11月21日

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

2017年12月6日

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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.

2018年1月3日

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