COPPER 4H: Rising Wedge → Key Decision at EMA20Copper (Jul 2026)CMCMARKETS:COPPERN2026VOLODYMYRIVNAOn the 4H timeframe, Copper is forming a rising wedge, which is typically a bearish pattern and may lead to a move down. The key level to watch is the EMA200, acting as a major dynamic support/resistance. * If price breaks below EMA200, the downside scenario becomes more likely, with a potential target around 515.69. * However, I personally think such a deep move is less likely, so a more realistic first target is the Fibonacci 1 level at 561.11. If price holds above EMA200 and bounces, we could see a continuation to the upside, with a target around 639.7 (Fib 3.6). Scenarios: * Break EMA200 → short continuation * Hold EMA200 → possible long For now, the EMA200 reaction will define the direction.