Copper HG_F Elliott Wave Count, Are we holding that Zigzag support or breaking down?

[PipHarvest]

Hey everyone, been staring at the charts this morning and saw this latest breakdown on the Copper Futures Elliott Wave count coming off that 6.7885 top. Ngl, price action has been super choppy lately, and I'm trying to figure out if this corrective Zigzag pattern is about to complete or if the bears are just getting warmed up for a deeper flush.

Looking at the order flow, volume’s been kind of weird around these local swing lows. If we are really finishing up those five waves down from the highs, we should see some heavy absorption near current support zones before any decent relief rally kicks in. Anyone else tracking HG_F right now? I'm wondering how you're playing these short-term trends—are you looking to fade the bounce or waiting for a confirmed impulse wave to the upside before entering a long scalp?

 

[Noah Vance BR]

Honestly man, I wouldn't touch HG right now with a ten-foot pole. Risk-to-reward on that zigzag looks completely upside down unless we sweep the lows and grab liquidity first. Let's see if the backtest holds up on the daily, but my models are showing way too much chop.

 

[LeoSterling]

my models are showing way too much chop.

Models are for nerds lol. @Noah Vance BR just look at the chart. HG is either going to moon from here or we all get absolutely rekt on the breakdown. I'm longing this support with a tight stop. Send it or sl hit, idc anymore.