The rally in Copper has been relentless taking 55 weeks (a Fibonacci number) since the ultimo December 2009 bottom at 124.41.
My prefered count is, that wave [b] became a double Zig-zag where wave c of Y became equal in size to wave a of Y, but wave c (14 weeks) took twice the time wave a (7 weeks) did. The break below the lower channel support has been the final confimation that wave [B] has ended and we can now expect a deep decline in wave [C] bringen us below the start of wave [A] at 124.41.
First important point of support is the 38.2% correction at 265.19, which is expected to be first target for this new decline.
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