I like the way that this commodity seems to love both the 38.2 and 61.8 fib retracements whichever way you look at it. The big question for me is if copper has turned up now and completed a wave 2 at the 61.8 level or in fact it has one more down turn to go. Interesting times.....
Note
That's a pretty hefty reversal these last few days. Does this alternative count now come into play. There's certainly a bit of confluence on the fib levels for that 78.6 correction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.