Dr. Copper – A Long Way to Go
31st July 2022
Irregular Flat Correction which started on 10th May 2021 at the highs of 4.8880 completed at the bottoms of 3.1365 on 15th July 2022
24th Sep 2022
Next impulsive leg started from the bottoms of 3.1365 & we need to wait for structure to unfold completely & patience would be required by traders
2nd Nov 2022
Post the impulsive rise from the bottoms of 3.1365 to 3.7830 has been corrected 62% at the end of the triangle, Wave-E at 3.3615
What Next?
We are expecting wave 3 which could travel minimum distance 162% at 4.4105
7th April 2023
Structure unfolded so far from the bottoms of 3.1365 lows, looks like a leading diagonal in a larger five wave structure upside.
Currently, we are doing correction for the the five wave leading diagonal which unfolded between 3.1365 lows on 15th July 2022 to highs of 4.3640 which was made on 18th Jan 2023
Once the correction gets completed, It should have bullish outlook towards 5.3550+ minimum distance to be travelled in explosive wave -3 of the respective leading diagonal structure.
Dr. Copper – You Have Long Way To Go… Happy Easter Weekend to All of You
Akshay Chaudhari
April 10, 2023Wow. Thanks for your view on copper.