Copper Wave Analysis – 17 August, 2020
August 17, 2020 @ 17:51 +03:00
• Copper broke daily down channel from
• Likely to rise to 299.00
Copper recently reversed up from the support level 280.00 (low of the (A)-wave of the previous intermediate corrective wave (2) from July).
The upward reversal from the support level 280.00 started the active medium-term impulse wave (3).
Having just broken the daily down channel from July – Copper is likely to rise further toward the next resistance level 299.00 (top of the previous sharp impulse wave (1)).