Copper - 1D - Possible Correction over the next couple of weeks?

Thus far Copper has been nothing but bullish this year. We now roughly completed the 5 wave upward impulse leaving us in an area to look for a possible correction.
On the 15m Copper seem to go further down for the rest of the day which would give us a nice pinbar respecting and closing below the angled swing resistance, recent swings highs at "3" and the 1618 projection of the last higher degree downwave. So start looking for shorts if that happens.

Yorum:

if you wanna jump in early, here is my view on the 5th wave on a 15m timeframe.
So the correction might already started.