MCX
MCX
This analysis is not time dependent
1.A bullish cypher in formation of the CD downleg
2.The fibo wedge arc 1.618 also points to limitation of the downtrend
3.The downtrend is expected to halt that the weekly support S2
4. the bullish cypher is expected to push the prices up and the initial targets are mentioned according to 0.618DC of the cypher amd weekly R1
5.the median line of the Andrew pitchfork is expected to provide support on the down trend according to price magnet theory
Disclaimer...Not invested, interested and tracking fundamentals...This is not an investing/trading recommendation...