Copper Wave Analysis – 4 November, 2022

• Copper under bullish pressure

• Likely to rise to resistance level 8200.00

Copper under the bullish pressure after the earlier breakout of the resistance trendline of the daily Triangle from July.

The breakout of the Triangle accelerated the active short-term impulse wave (c)  – which belongs to the ABC correction 2 from the end of September.

Copper can be expected to rise further toward the next resistance level 8200.00 (top of this Triangle and the target for the completion of the active correction 2).