I am looking an Completed 5 wave move down in 1st leg giving an confirmed termination of Wave A of corrective pattern
I am looking for Wave B of corrective move to make up to take profit forecast ,
after this move completes expect one sharp move by function of time
Currently this Index is showing bullish sentiment , One can look for taking trade in various Metal scrip for Up coming Moves
Good luck
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Metal index has completed its move of 1 st leg up up side as 5 wave move form here onward any sharp correction to be considered as corrective structure or should be verified as an corrective move ,
One can look for long term position in the metal scrip
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On June 7 I had posted that Metal Index will have Very Strong move up & made a visual Forecast of pattern , Apparently the Move was very sharp and strong which gave a Good returns on various Scrips in Metal Index , as on today 11 August i understand its time for profit taking One can look for Trailing the stop to nearest Current Price ,
Now we can wait for Correction to complete in the Metal scrips