$HG - Market Analysis for Aug 16th, 2018

Unless price clears 2.75, I am viewing this bounce in copper as a micro 4th wave in wave 5 of (C), that can still set up one more low in order to tag the .500 retrace at 2.53 more exactly for a bottom.

HG #F=1 - Primary Analysis - Aug-16 0717 AM (1 day)
HG #F=1 - Primary Analysis - Aug-16 0717 AM (1 day)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.