Chart of the day

Copper is being rejected from the range high and a medium-term rising wedge high of 5.0780, and a break above this resistance is required for a continuation higher and an invalidation of a new swing down. I would like to see a completion of this multimonth five waves upside.

We need to see a break below 4.8600 for a new swing down to happen. I see this as a terminal fifth long-term wave. An extension higher above 5.0780 will lead to an invalidation of the downside swing and an extension above 5.500.

_{Look for the short trade entries with a stop loss above 5.1900. You can take long trades if we see a confirmed price action break above 5.1900 and a stop loss is taken.}