Copper - Inverse S/H/S complete

Copper - Inverse S/H/S complete

Copper - Inverse S/H/S complete 

In my February 23 post (you can see it by clicking here) I stated that a break above the neckline resistance at 2,1380 would confirm the 1.9365 low and a rally towards 2.3250. 

Both the measured target of the Inverse S/H/S bottom and the 161.8% extension target of wave (i) comes in near 2.3250, so this target should act as a magnet in the coming weeks.

The former neckline resistance at 2.1380 will now act as support.  

Looking at the larger picture (see the weekly chart) a five year zig-zag decline terminated at 1.9365 and a rally back to at least the top of wave 4 at 2.5000 should be expected over the coming weeks/months. To be honest, I don't think that a rally back to 2.50 will mark a new top for renewed downside pressure, but merely mark a temperary stop on the way higher towards 2.9730 and possibly even higher to the 50% corrective target of the decline from 4,6495 to 1.9365, which comes in at 3.2930.

Hi Surfer,

Super calls !! And analysis.

Bravo for your brexit call !!
Whats next?

Ull need to update all indices!


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