2-Day Chart

After starting the bullish impulse C LME Copper is building a bearish correction on 2-Day chart which may turn out one of the following options:

  • a small correction subwave within the impulse C wave on 2-Day chart – wait while C wave will renew
  • a deeper 4th correction wave of 2-Day scale that will be followed by some 5th bullish impulse on 2-Day chart
  • a new A bearish wave of an older time frame

Waves of 2-Day chart are drawn with violet lines.

copper-lme-2-day-chart-2016-08-09

8-Hour Chart

On the smaller 8-Hour chart the current bearish correction looks like a B correction wave (drawn with a chocolate line) to be followed by a bullish C impulse within the major C constructed on 2-Hour chart.

copper-lme-8-hour-chart-2016-08-09

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