FCX vs HG

FCX vs HG

When you account for >70% of FCX's operations being focused on copper, and look at coppers slide from Jan*, AND account for the Equities correction off the Jan top.. FCX has really held onto a nested bullish setup like a CHAMP.

*The yellow alt P.2/(2) in the 11/10 region is exactly what HG DID... with MOST of that drop being a strong move down as (C) of P.2 in June/July... but FCXhas managed to fight that and hold onto a small degree wave (ii)/ii consolidation... also against further weakness in gold/silver.

Amazing STRENGTH.

FCX - Primary Analysis - Jul-20 1541 PM (4 hour)
FCX - Primary Analysis - Jul-20 1541 PM (4 hour)
QHG# - Primary Analysis - Jul-20 1541 PM (4 hour)
QHG# - Primary Analysis - Jul-20 1541 PM (4 hour)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.