Copper Weekly Chart Review

Copper has started a bearish phase in 2018 which at this point can still turn into a correction. The 2016 bottom could also be a temporary bottom so that the 2016-2018 bullish phase is nothing but a bear market rally.

We can see that copper has had some dynamic crashes in the past with the 2008 crash being one of the steepest I have seen. The 2009 bottom matches solar cycle 24 very well, with the 2011 peak matching solar cycle’s 24 first peak.

I think the ending of solar cycle 24 is drawing copper prices down and when solar cycle 25 arrives copper prices should start to crank up again.

My 2011 Cycle degree wave 3 peak is still valid and no amount of reviewing has forced me to change the 2011 peak.

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