In this blog, we’re going to take a quick look at the Elliott Wave chart of copper. The chart from 1.3.2020 update showed that copper ended the cycle up from 11.15.2019 low at 2.6130 to 12.26.2019 high at 2.8565 as 5 waves impulse structure. Copper then did a pullback from the high, which unfolded as […]
Elliott Wave View: Copper Rallying as an Impulse
Short-term Elliott Wave view in Copper (HG_F) suggests that the metal is rallying as a 5 waves Elliott wave impulsive structure from November 15, 2019 low. Up from there, wave ((i)) ended at 2.69, and wave ((ii) pullback ended at 2.619. Subdivision of wave ((ii)) unfolded as a double zigzag. Wave (w) of ((ii)) ended at 2.653, […]
COPPER ( $HG_F ) Forecasting The Rally After Double Three Pattern
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of COPPER ( $HG_F) published in members area of the Elliottwave-Forecast . As our members know, COPPER recently corrected the short term cycle from the 2.6132 (November 14th ) low. Pull back unfolded as Elliott Wave Double […]
CPER Copper Index Tracker Long Term Cycles & Elliott Wave
CPER Copper Index Tracker Long Term Cycles & Elliott Wave Firstly the CPER Copper Index Tracking instrument has an inception date of 11/15/2011. There is data in the HG_F copper futures before this going back many years. That shows copper made an all time high on February 15th, 2011 at 4.649. Translated into this instrument, it is […]