Category Archives: Copper – Weekly

Copper

The bearish outlook :

Copper seems to have poised to fall in impulsive wave (iii) of the minute degree wave c. The outlook is bearish against the 291.45 – top of wave (ii).

The anticipated target for extreme of the wave c is 149.45, where wave c (circled) equals 1.618 times the length of wave a (circled).

Copper - Weekly

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Copper

The bearish outlook :

Copper has poised to fall in impulsive wave (iii) of the wave c of minute degree.

The expected target for extreme of the wave c (circled) is 149.45, where c (circled) equals 1.618 times the length of wave a (circled).

Note : I have adjusted wave counting of internal waves on the wave c (circled) in progress.

Copper - Weekly

Copper

An explanation of the ongoing sequence on the weekly chart :

In a bearish view on this frame of weekly chart, it appears that on the W-X-Y  formation as a possible “Double Zigzag” on sequence (B), the ongoing wave Y  could still be extended to lower lows.

Fibonacci targeting :

A fibo-expansion target for extreme of an extended wave c(circled) of the wave Y, could be around the 149.45 level where would be established a ratio of 1.618 with the leading diagonal wave a(circled).

Copper - Weekly

Copper

An explanation of the ongoing sequence on the weekly chart :

In a bearish view on this frame of weekly chart, it appears that on the W-X-Y  formation as a possible “Double Zigzag” on sequence (B), the ongoing wave Y  could still be extended to lower lows.

A fibo-expansion target for extreme of the wave c(circled) of Y, could be around the 149.45 level where would be established the ratio of 1.618 with the leading diagonal wave a(circled).

Copper - Weekly

Copper

An explanation of the ongoing sequence on the weekly chart :

In a bearish view on this frame of weekly chart, it appears that on the W-X-Y  formation as a possible “Double Zigzag” on sequence (B), the ongoing wave Y  could still be extended to lower lows.

The close fibo-expansion target for the wave c(circled) of Y, could be around the 218.20 level where would be established an equality ratio with the wave a(circled).

Copper - Weekly