Tracking Counts In Copper


Off the July low in our Metals, Mining & Agriculture service, we tracked a very clean 5 waves up in Copper (HG) futures to the 3.70s.  

We then patiently waited for a clean 3 waves down (abc), which came RIGHT to the 61.8% Fibonacci retrace, creating an ideal EW setup. 

We added HG as a "WaveSetup" on Aug 31 when it was nearing that ideal Fib zone.  It is still early into the projected move -- still just wave (i) of iii) -- and we've started zooming in to track the details at the smaller degree inside this move off the 3.35 low.

Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.


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