MCX Copper: Anticipated Happened and Elliott Wave Analysis

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MCX Copper daily continuous chart Anticipated on 4th April 2020


MCX Copper daily continuous chart happened on 20th April 2020


In my previous update dated on 4th April 2020, I had mentioned, "The bias for Copper is positive for short term as it can move near till 387-390 price range with support at 375 levels." Prices went above 400, thus achieving my mentioned level.
Check the link of my previous article on MCX Copper by clicking here

As expected prices have completed wave iv which has reversed from the supply zone and it is all set to start or have started wave v lower. This wave v can move below wave iii but has the tendency to truncate as well so will just give a range in between ..... levels over short to medium term.

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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.
Affle (India) Limited IPO
5 July 2020 at 15:55
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