copper price, page-5

enyaw

Please advise as to which EWs you are referring to.

Using ProfitSource software to generate EWs:
. On daily charts all EWs longer than 30 days are bullish, showing a Wave 5 rise of up to 16% by July 3.
. On weekly charts EWs of 27 weeks or less are bullish & show the same rise as above.
. On weekly charts EWs 34 weeks or longer show a fall as low as 74% below current levels by August 17.
. On monthly charts EWs are bullish - as above
. Long range EWs for weekly charts project up to a 130% rise while those for daily charts project a fall similar to the weekly EW settings mentioned above.

In summary - EWs are generating mixed projections!

4YIO - NFA