LME Copper in wave B

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 LME Copper Weekly Chart


Prices are moving in corrective formation which can eventually be a complex correction or a pattern , which can be identified as an when it unfolds. However, it seems that prices are currently moving in wave B of a corrective pattern.

This wave B can move up to 80% of wave A (10950-8695). Post wave B termination, it will fall back in the form of wave C.

The bias as of now is positive for LME Copper as it can move towards 10500 levels which is 80% of wave A (minimum). CMP 9761

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