Copper Short Term Elliott Wave Update 9.10.2015

Rally from wave (W) low at 2.209 is unfolding in double corrective structure WXY where wave W ended at 2.418, wave X ended at 2.3053, and wave Y of (X) is in progress towards 2.516 – 2.64 area before turning lower at least in 3 waves. Short term, wave ((w)) is proposed complete at 2.4755, and pair is in wave ((x)) pullback towards 2.4 – 2.412 before higher again. We don’t like selling the proposed wave ((x)) pullback. As far as 2.305 pivot stays intact during wave ((x)) pullback, expect copper to continue higher again towards 2.516 – 2.64 area.

HG 6020150909215235

At EWF we offer  24 hour coverage of 42 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer!

Subscribe to our Commodities Blog

First Name: *
Last Name: *
Your Email Address: *