Shooting star formation In weekly chart the market will fall upto 339 levels after tht some bounce will be there upto 360 once it breaks 339 levels next target will be 260
In Daily Chart Elliot Wave
As per wave counting the 5th wave at 407 (rally from 317) or the intermediate bull has ended and trading at the abc corrective
trend of the intermediate cycle.
Breakup of the Intermediate Trend
317 to 353- 1st Impulse Wave
336 to 389- 3rd Impulse Wave
371 to 407- 5th Impulse Wave
353 to 336– 2nd Corrective Wave
389 to 371 4th Corrective waves
The market seems trading in the a-b-c structure and presently is at the “a” wave of the corrective trend.
The market is expected to be under pressure with immediate support at 380 (Trend line Support) and break below the same may push rates lower towards the support pegged at 352 (Trend line support & 38.2% retracement of 272 to 407 )
Strong Recommendation(Comex copper HGZ0 Futures)
Sell @ 390 Stp @ 407 tgt 339
MCX Copper Players (nov)
Sell@389 Stop @395 Tgt @370
U Want Daily COMEX Futures & MCX Trading calls vist our Site daily Refesh every 15mins in Trading hrs
In Daily Chart Elliot Wave
As per wave counting the 5th wave at 407 (rally from 317) or the intermediate bull has ended and trading at the abc corrective
trend of the intermediate cycle.
Breakup of the Intermediate Trend
317 to 353- 1st Impulse Wave
336 to 389- 3rd Impulse Wave
371 to 407- 5th Impulse Wave
353 to 336– 2nd Corrective Wave
389 to 371 4th Corrective waves
The market seems trading in the a-b-c structure and presently is at the “a” wave of the corrective trend.
The market is expected to be under pressure with immediate support at 380 (Trend line Support) and break below the same may push rates lower towards the support pegged at 352 (Trend line support & 38.2% retracement of 272 to 407 )
Strong Recommendation(Comex copper HGZ0 Futures)
Sell @ 390 Stp @ 407 tgt 339
MCX Copper Players (nov)
Sell@389 Stop @395 Tgt @370
U Want Daily COMEX Futures & MCX Trading calls vist our Site daily Refesh every 15mins in Trading hrs
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