MCX Zinc: Completion of an impulse wave

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MCX Zinc (Daily Continuous Chart)


MCX Zinc has completed five waves down which can be seen in the above chart. The third wave down has shown an extension which means that the subdivisions are clearly seen which is marked in a bracket. Wave v is truncated, that is it has failed to move down below wave iii.

Prices have started moving higher as a new leg on the upside. As of now prices can move in between 180-185 levels followed by a correction which can be sideways to negative and again resumption of the trend will be seen which can surpass 200 levels.


Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful.
M&M Financial

24 July 2020 at 14:51
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