MCX Copper: What happens after impulse wave?

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MCX Copper 60 mins chart


MCX Copper in hourly chart is hovering near to the resistance of the rising channel. This opens the possibility that prices can correct from current levels which can drag prices lower till support of the channel.

From wave perspective, prices are moving in an impulse fashion (i-ii-iii-iv-v). It seems it has completed wave v and it is set to move down in wave a of one higher degree.

In short, MCX Copper is expected to tumble in-between 455-453 levels over short term with resistance placed at ....

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Comments

Phani Kumar said…
Hey, thanks for the information. your posts are informative and useful. I am regularly following your posts.
Sandip Bhagaton
13 July 2020 at 15:54
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