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Friday, September 11, 2009

Copper - The top might be in place.

(Click at the picture to enlarge)

A almost perfect double Zig-Zag, where the second Zig-Zag was equal to the first has most likely finished and a top is building, shaping up as a Shoulder/Head/Shoulder. A break below the RS bottom at 272 would be first confirmation, while a break below 265 (bottom of the LS) would confirm that red wave [C] has begun. Red wave [C] should ultimatly bring us below the red wave [A] bottom at 125.

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