$HG (Copper) 1 Hour Elliott Wave Analysis (updated)

After completing wave (( b )) at 3.16 metal turned higher impulsively and looks to have completed wave ( a ) of (( c )) as a  5 wave move. Wave ( b ) proved to be shallow and metal is already trading higher in wave ( c ) toward 3.298 – 3.33 area to complete wave A.

After completing wave A, metal should do a B wave pull back but selling into that is not recommended as there is no red box on the chart. Traders already look can look to profits in the orange zone (3.297 – 3.33)

HG 6020131211091300

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