Copper Wave Analysis – 24 March, 2020
March 24, 2020 @ 17:39 +03:00
- Copper reversed from key support level 193.40
- Likely to rise to 230.00
Copper recently reversed up sharply from the long-term support level 193.40 (yearly low from 2016, standing far outside of the lower weekly Bollinger Band).
The upward reversal from the support level 193.40 started the active short-term correction 4 (which belongs to the downward impulse sequence (3) from the start of 2020).