29 Jan 2021 ● 02:51 PM
Copper prices are bouncing off the trendline from the March bottom at 3.49 and remain inside the channel whose top end is at 4.30 and rising. the Vth wave from the Oct low was truncated and did not achieve equality. But wave 2 of 3 may be complete in a small a-b-c. Wave 3 is subdividing and 3 of 3 up would mean going back to the top end of the channel near where 3=1 at 4.60. This is an extended trend. Further confirmation of this move is above 3.65 and then from daily momentum indicators. The marking from March for the larger waves is, therefore, 1-2-1-2, and 3 up next as I was explaining in this evening's video.