Copper Wave Analysis 23 April, 2021
April 23, 2021 @ 18:12 +03:00
• Copper rising inside impulse wave C
• Likely to rise to resistance level 436.20
Copper continues to rise steadily after the price broke the key resistance level 416.30 (former top of waves (a) and B from March).
The breakout of the resistance level 416.30 accelerated the active impulse wave C – which belongs to wave (B) from last month.
Copper is likely to rise further toward the next resistance level 436.20 (multi-month high from February and the target for the completion of the active impulse wave C) – from where the correction is likely.