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.