MCX Copper Inverse Cup and Handle Pattern and Elliott Wave Analysis Anticipated Happened

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 MCX Copper hourly continuous chart anticipated on 6th July 2021


MCX Copper hourly continuous chart happened on 26th July 2021


In my previous update I had mentioned for MCX Copper, " MCX Copper can achieve levels of 760-765 over short to medium term with support at 712."

The red metal moved sideways and marked a low of 711.4 but did not closed below 712 and continued to move higher thereby achieving my level of 760-765 levels - Anticipated happened.

MCX Copper has rallied over 30-35 INR from July 6, thereby gaining 4.80% . The bias over medium term will continue to be positive and can move up from here as well.

Here is the link of my previous article on MCX Copper, this will show how I had predicted the rise, click on the link

https://www.marketanalysiswithmeghmody.com/2021/07/mcx-copper-inverse-cup-and-handle-and.html

Now If I am correct in anticipating the rise and the wave counts I had placed then MCX Copper is least likely to fall back till 725 levels. If it does then we might see a dynamic plunge in this counter. If it finds support at 735 levels then it can again move back till 780 followed by 795 levels over medium term.

The summation is MCX Copper has a support placed at 735 levels, as far as it is intact it can surge till 780 followed by 795 levels over medium term.

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