copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl
after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50
also there is one trend-zone coming from higher...
interdy-- buy opper 732--731 sl 728 tgt 736--38++ yes on dailly chart gvn breakout or dollor index may support for buyer buy on dipss with tight sl cmp spot abv 3.72$ looks buy only or interday base
Om Namah Shivay
Aluminum has traded from 93 lifetime low to 325 lifetimes high. Made high during March 2022 before 1.5 years. After 1.5 years, it looks like still negative and has downward targets - only if 204 level is safe and not breached.
From the weekly chart, it is clear that there is significant down trend movement pending for the white metal.
sell zinc 210--211 tgt 205--202 yes broken trend line now stya bwl 210 looks dwn fall or usd stronger thna also it will effect so slel on rise sl 213 more update stya with us dontmiss 15 aug after offer rally
Copper seems to be in a reactive zone now . Put this in watchlist and see how it reacts. Breakout / breakdown from either of those sides could attract a huge momentum in that respective direction.
zinc already gvn sold blw 217 its will dwn only now see it hit 215 now eveng mkt if stya blw 215 than thna mkt again dwn side 214--213 let see eveng move sl n trade hrs after breakout-- where hurdel 219 for dedcat bounce more update stya tuned with us--copper support 719 or hurdel728 break out any range with volume will update in trade hrs.. eyes on lvl trade...
silver trading range 71500-72965-- break any range with volume will clear move if stya blw 71500 thna expect dwn side 71110--70560++++++ where come dwn or hold abv support thna mkt dedcta bounce expect 72500++ where resistance act 72965 if stya abv more up side or if hold bwl than dwnnnnnnn again mor ein trade hrs update
MCX:COPPER1! As Per Day trading Strategy and Volume Analysis MCX:COPPER1! Looks Sell Side , if you are ready to take Risk then sell near 744, Sl 748, target 737,735
its a technical Call
Before Taking Any Entry Do your Own Analysis.
Only For Educational Purpose.
Thanks and Regards
Ajay Metha
Hello Friends
Here we had shared possible Elliott wave counts on Zinc Futures chart of mcx
Elliott Wave Analysis for Zinc Future (Hourly Chart)
Bullish Outlook:
On the hourly chart of Zinc Future, the Elliott Wave analysis suggests that the asset has completed wave 1 and wave 2. The current price action indicates the unfolding of wave 3, with sub-waves (i),...
