MCX Copper Anticipated Happened

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 MCX Copper daily chart anticipated on 26th September 2023


MCX Copper daily chart happened on 5th October 2023


Analysis

In my previous update on MCX Copper I had mentioned that red metal will dip towards 696 levels when it was trading at 713 levels. The base metal made a low below 696 on 5th October 2023 thereby achieving my levels - Anticipate Happened

To read my previous article on MCX Copper, click on the below link

https://www.marketanalysiswithmeghmody.com/2023/09/mcx-copper-neo-wave-neutral-triangle.html

The base metal made a Neutral Triangle pattern and then it started plummeting the gains there by falling around 2.50% Currently it is in wave c and it looks like it is making an ending diagonal pattern (still not confirmed)

The summation is MCX Copper can complete the ongoing leg and after that it can start moving higher. I will be monitoring the development in this asset class and will update accordingly.

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