{"symbol":"COPPER","slug":"copper","name":"Copper futures","group":"Commodities","asof":"2026-11-06","price":6.218,"scale":"log","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag","trend":"up","swing":"down","invalidation":5.268,"call":{"status":"held","previous":"2026-11-05"},"main":{"summary":"primary (5) of III under way","structure":"","next":"2 completes as a double zigzag in $6.00-$5.82 ((y) down from $6.726 toward $5.87, minute c in minuette (v)'s 5 toward $6.17-$6.15), then 3 of (5) above $6.83 toward $6.95-$7.18 and beyond","window":null,"invalid_if":{"price":5.268,"direction":"below"}},"levels":[{"timeframe":"Monthly","degree":"Cycle (degree 0, unanchored)","direction":"up","wave":"cycle III up from $3.15 (2022-07), in progress","target":{"low":7.24,"high":12.12},"invalidation":3.15,"window":null},{"timeframe":"Weekly","degree":"Primary","direction":"up","wave":"primary (5) of III up from $5.27 (2026-03-16), in progress","target":{"low":6.95,"high":7.18},"invalidation":5.268,"window":{"from":"2026-11-30","to":"2029-03-18","likely_from":"2027-02-15","likely_to":"2028-08-04"}},{"timeframe":"Daily","degree":"Intermediate","direction":"down","wave":"intermediate 2 of (5) down from $6.83 (2026-09-22), in progress as a double zigzag","target":{"low":6,"high":5.82},"invalidation":6.83,"window":{"from":"2026-12-02","to":"2027-07-19","likely_from":"2027-01-14","likely_to":"2027-03-27"}},{"timeframe":"Hourly","degree":"Minor","direction":"down","wave":"minor (y) of 2 down from $6.726 (2026-10-28 15:00 ET), after minor (x) closed as a zigzag $6.3715/$6.4775/$6.4255/$6.726","target":{"low":5.87,"high":5.87},"invalidation":6.726,"window":{"from":"2026-11-06","to":"2026-12-16","likely_from":"2026-11-09","likely_to":"2026-11-27"}},{"timeframe":"15-minute","degree":"Minute","direction":"down","wave":"minute c of (y) down from $6.582 (2026-11-02 12:00 ET), in progress","target":{"low":6.15,"high":6.15},"invalidation":6.582,"window":{"from":"2026-11-04","to":"2026-11-07","likely_from":"2026-11-05","likely_to":"2026-11-07"}}],"answer":"Copper futures (COPPER) Elliott Wave count at the Nov 6, 2026 close (price 6.218): the called count is primary (5) of III under way, intermediate 2 correcting as a double zigzag. It is invalid below 5.268. On the daily chart, intermediate 2 of (5) down from $6.83 (2026-09-22), in progress as a double zigzag, targeting 6 (invalid above 6.83).","markdown":"https://elliottwaveatlas.com/markets/copper.md","history":[{"date":"2026-11-06","price":6.218,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-11-05","price":6.249,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-11-04","price":6.403,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-11-03","price":6.3785,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-11-02","price":6.5435,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-30","price":6.4585,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-29","price":6.581,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-28","price":6.6415,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-27","price":6.622,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-26","price":6.508,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-23","price":6.476,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting as a double zigzag"},{"date":"2026-10-22","price":6.3625,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting"},{"date":"2026-10-21","price":6.543,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting"},{"date":"2026-10-20","price":6.5665,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting"},{"date":"2026-10-19","price":6.538,"status":"held","headline":"primary (5) of III under way, intermediate 2 correcting"},{"date":"2026-10-16","price":6.531,"status":"new","headline":"primary (5) of III under way, intermediate 2 correcting"}],"disclaimer":"Educational and informational only. Not investment advice. Elliott Wave counts are probabilistic scenarios and can be wrong."}