Copper

8 ก.ย. 2021

The pullback in copper ended up being a three wave rise wherein it retraced slightly more than 61.8% retracement in international copper chart of wave Y.
This opens up the possibility of one more leg to the down move in the form of wave Z.

Overall look

Retracement levels in copper international chart

MCX chart retracement

Weekly macd bearish

Daily macd below zero line and down tick

Rsi in Weekly down tick

Rsi in daily down tick

Dmi adx also Negative

Below middle bollinger band



Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing