MCX Copper

5th wave is not showing the straight downfall as free fall so it may be as wolf wave bearish pattern to completing the 5th wave but at this time 393-94 levels will be taking as support

Nifty daily, & 1 hr. charts

Nifty 1 hr.chart

I was wrong some days ago ,in which nifty has to touch 5700 levels but at this time nifty has been crossed 5328 levels that means fresh downtrend pattern has been started according to me, which is the tgt. of 4550-4650 levels in daily chart. According to chart pattern-- H&S indicates fresh downtrend in downward daily chart . 4800 levels is the strong point on weekly chart where nifty can take decision whether it will go up or down after a strong pull back from that levels .Means for Bullish--- it shouldn't creat H&S pattern on weekly chart and for Bearish----should creat H&S pattern. Lets see