Hello fellow traders,
In this technical article, we’ll look at the Copper Futures (HG_F) Elliott Wave charts published in our members’ area. As our members know, the commodity is trading within the cycle from the 6.9275 peak. In the following sections, we’ll break down the Elliott Wave structure and explain how we forecasted the path ahead. We will also review the important technical areas.
For those who are not familiar with the most common Elliott Wave structures, we recommend checking out our Free Educational Page to learn more.
HG_F Elliott Wave 4 Hour Chart 10.22.2026
Copper has delivered the expected decline within the cycle from the 6.9275 peak, as explained in our previous article. The commodity has formed a clear seven-swing pattern within this cycle and approached the extreme zone at 6.367 (Equal Legs) . As usual, we use the Fibonacci Extension tool, measuring W relative to X, to identify the Buying Zone. We expect buyers to step in around the mentioned Equal Legs area, where the commodity should produce at least a three-wave bounce before next leg down takes place. As approximate target area for the (x) bounce we use 50-61.8 fibs retracement zone against the 6.9275 peak.
Official trading strategy on How to trade 3, 7, or 11 swing and equal leg is explained in details in Educational Video, available for members viewing inside the membership area.
HG_F Elliott Wave 4 Hour Chart 11.03.2026
Copper found buyers right at the Equal Legs zone of 6.3673, as expected. The commodity produced a decent bounce, reaching the 50%–61.8% Fibonacci retracement zone against the previous high of 6.9323, between 6.650 and 6.716. The recovery completed in that area, followed by another sharp decline toward new lows.
Currently, the commodity shows incomplete sequences from the 6.9323 peak, suggesting that further downside could unfold in the coming period. In the meantime, a three-wave bounce from the 6.3860–6.2925 area remains possible.
Important note: Keep in mind that the market is dynamic, and the outlook may have changed in the meantime. Our member Chat Rooms are open 24 hours a day, Monday through Friday, on trading days, providing ongoing expert guidance on market trends and Elliott Wave analysis. Members can ask questions about market structure and technical setups at any time during trading days.
 Elliott Wave charts published in our members’ area. As our members know, the commodity is trading within the cycle from the 6.9275 peak. In the following sections, we’ll break down the Elliott Wave structure and explain how we forecasted the path ahead. We will also review the important technical areas.){kind=link}