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$HG_F (Copper) 1 Hour Elliott Wave Analysis
Read MoreWave A appears to have completed and wave B pull back has started. Expect lower prices toward 3.21 – 3.23 to complete wave B before metal turns higher in wave C. Hourly cycles are positive and there is no red boxes on the chart so we don’t like selling into wave B.
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$HG_F (Copper) showing a Zig-zag
Read MoreCopper is showing a zig-zag structure from 12.3.2013 low. Metal has already hit ( c ) = ( a) target and now close to testing ( c ) = 1.236 x ( a ) ext at 3.3309. Break of 1 hour trend line would suggest zig-zag structure has completed and leave the metal vulnerable to […]
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SPX showing a nice FLAT structure .
Read MoreThe SPX showing a nice Elliott wave FLAT corrective structure which runs as a 3-3-5 structure when a bounce should happen as far as the 15 divergence in the 15 minute chart remain.
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$HG_F (Copper) 1 Hour Elliott Wave Analysis
Read MoreMetal is trading in orange zone and showing enough number of swings in place to call wave A completed but another swing higher to 3.33 would look much better to complete wave A. After that metal should pull back in wave B and turn higher again. Hourly cycles are positive so we don’t recommend selling […]