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Copper: Elliott Wave 16th Jan 2018

|Includes: iPath Pure Beta Copper ETN (CUPM)

Summary

Copper is in 5th wave on a daily time frame degree.

I expect it will go down in 3 waves, touched the trend line and then move back up again.

Okay, Copper has been confusing to me for some time now because of the new high that it reached. But then I thought I have finally figure it out. And here's the projection.

Copper EW Counts 16th Jan 2018