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Copper yet has not bounce but still can do it.

Copper yet has not bounce but still can do it.

High Grade Copper COMEX:HG1!

This is a follow up of the last elliott wave analysis published 8 months ago https://www.tradingview.com/chart/HG1%21/

The basic change is in the extended 5th.

The diagonal as we expected did not work due keep the original wave count as originally stated is impossible due now will see the 3rd wave as the shortest. This can't be even in diagonals.

So the best way to update it is by extending the 3rd wave as a double zigzag and then count the following up sided zigzag as a wave 4.
This give us space for the fifth wave that is getting near to the 1 to 1 proyection for the 5) vs the traveled from the start of 1) to the end of 3) measured from the end of 4).