FX.co ★ Elliott wave analysis of Copper for February 10, 2022

Copper is close to completing a wave 4 triangle and push higher in wave 5 towards at least the 38.2% target at 5.08 and more likely closer to the 61.8% target near 5.76 to complete wave C. Once wave C is done a larger and more time-consuming decline will take place. For now, we should remain focused towards the upside and a break above resistance at 4.57 as confirmation that wave 4 has completed and wave 5 higher is in motion.