MCX Copper Anticipated Happened and Elliott Wave Analysis

 MCX Copper hourly continuous chart anticipated on 13th Mar 2021

MCX Copper hourly continuous chart happened on 19th Mar 2021

In my previous update dated 13th Mar 2021, I had mentioned for MCX Copper, "MCX Copper can move down till 660 levels once the level of 674 is broken accelerating selling pressure. Failure to protect the level of 687 will open positive possibilities."

Prices slumped till 660 levels marking a low of 659 on the last trading day of the week once the level of 674 was broken. Anticipated Happened

To read the previous article on MCX Copper here is the link

https://www.marketanalysiswithmeghmody.com/2021/03/mcx-copper-elliott-wave-analysis.html

Now since it has completed wave a-b-c pattern it is now clear that the red metal will travel north o form another pattern. This means the first correction fallen from the highs was wave a at one higher degree, so now wave b will start or  might have started which can soar prices. So wave a of wave b can move up  till 690 levels.

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