LEAD
LEAD - retracement done - can touch new heights LEAD futures showing an interesting pattern
Wolfe Waves - For a true Wolfe Wave, the fifth wave instance in the pattern will be followed by a breakout in price and presently the lead futures are in end of 5th wave
so any breakout if it happens would become trigger point and the target would be the trend line
positional trade - SL and targets provided on chart
MCX Lead Tips & Elliott Wave ViewIt's the daily chart of the MCX lead. Here, it has made the bullish Elliott pattern, and the ABC correction was completed on the 24th of December 2020. And right now, it started to move upside as per the rules of the bullish Elliott wave pattern. And it will move upwards till 158.6 - 162 .
gold setup important level and Shayari !gold currently in a visible uptrend , with support range in 1700 /1689
while hurdle at current level
if current level hold
a sharp upmove cant be denied of 50 /60 $ in gold while downtrend will begin in short duration if breaks 1700 on downside
trade accordingly