Copper - Is Copper About to Become the New Gold?
Copper Linear Mode Hourly/Monthly
With the recent breakdown in gold it seems unlikely to expect appreciation in copper although this chart suggests otherwise.
Is copper about to become the new gold ?
The Monthly chart shows copper has completed a wave 4 pattern at the lower channel as shown.
On the hourly chart prices are currently printing a bullish pattern that will unfold in a larger wave 5 up.
Although there is more than one possibility to label the current structure I believe a breakout of the diagonal will confirm this is in the early stage of a wave three pattern upward. This should be a powerful move up so put it on your radar.
MONTHLY
With the recent breakdown in gold it seems unlikely to expect appreciation in copper although this chart suggests otherwise.
Is copper about to become the new gold ?
The Monthly chart shows copper has completed a wave 4 pattern at the lower channel as shown.
On the hourly chart prices are currently printing a bullish pattern that will unfold in a larger wave 5 up.
Although there is more than one possibility to label the current structure I believe a breakout of the diagonal will confirm this is in the early stage of a wave three pattern upward. This should be a powerful move up so put it on your radar.
MONTHLY
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Ok....Got this now...Correction went through WxYxZ pattern.
Now breaking out. BUY
Now breaking out. BUY