Hi traders,
Copper came into a new low for wave »v«, but target is still slightly lower around 2.7 – 2.65 area. However, after every five waves a three-wave a-b-c pullback follows, so watch out for a corrective recovery before a bearish continuation. Keep in mind that a five-wave drop from the highs indicates a trend reversal, so Copper remains bearish as long as it is trading below 3.0 invalidation level!
Copper, 4h
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