MCX Copper: Elliott Wave Slanting triangle

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MCX Copper 60 mins Dec chart


From Elliott Wave perspective, MCX Copper completed one bigger corrective wave (a-b-c). In wave wave five Waves are seen and it also terminated near to 161.8% of wave a to wave b. Wave b in the above chart formed a Slanting triangle which is unique and not seen often. 

Not so long ago, I had written an excerpt on MCX Copper in which I had mentioned that it will come down near till 420 levels which can be utilised to buy for the level of 470-475 levels. Check this link to view the excerpt.


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