Rope-a-Dope Round 5

Whether this is the final round or not will be determined by the low. Will it be a higher low or will it be another spectacular collapse?

Copper has 12 percent downside until it hits the red horizontal, which would be a very bullish place for it to stop. I suspect it won't, but even if I'm totally wrong and copper is going way higher later this yer, I expect it will get at least that low in this downswing.