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Copper has a Fractal map

9 Feb 2021 ‚óŹ 07:48 AM

Copper's daily momentum broke out into buy mode and we are now looking at the weekly chart where momentum is swinging both ways but prices are extending taking support on the 20-week average. Here if wave 3 of 3 has started then we looking at 4.6 where 3=1 for the next part of the fractal but a fractal map below shows how a 5 wave could complete if 5=3=1 inside wave 3 and then 5=1 for the larger setup. Somewhere near 8.0$. Time not known. 2-3 years maybe. It may not be exactly like this too with some longer wave 4 formations in between with complex corrections as well.

 Time not known. 2-3 years maybe. It may not be exactly like this too with some longer wave 4 formations in between with complex corrections as well.

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