FX.co ★ Elliott wave analysis of Copper for March 8, 2022

Copper has completed its triangle consolidation in wave 4 and wave 5 is now unfolding. The first target seen at 5.08 has already been tested, but we should expect wave 5 to move higher towards at least the 61.8% target at 5.76 and most likely the extension target at 6.88 before the top is in place and a larger corrective decline can begin.

So for now keep your focus towards the upside and the 5.76 target.