MCX Copper

As i think 5 wave pattern has been completed near 467 levels now it's turn to for ABC correction , which i think it should be completed near 375-77 levels in near days . But if i look on Daily as well as One HR. charts are indicating upward rally may be happened till the levels of 430-33.

so at this moment, i am just waiting for conformation to buying and i will be neutral after reached near 430 levels .

Then i will be wait for buying above 445.15 ( which is recent high ) and short below --which will be the recent low , may be 415 levels

LME Copper

This inverse H&S pattern type of chart indicates bullish near 10600 levels on LME . and at this levels i would suggests to buy near 422 sl 415.3 tgt. will be update. but 1hr. chart doest not indicate to buying at this levels due to conformation .

NIFTY fut.1 hr. chart

According to Insync indicators we may see some kind of selling pressure at this levels with fibonacci resistance near 5900. but lower levels will be the very good buying opportunity

MCX Copper

now it's turn to bearish for the tgt. of 392-397 levels in short term in 5 wave method as i indicated in chart

NIFTY

According to this pattern , i think nifty is making Continuous Triangle Pattern which is showing Bearish . so at this time we may see some kind of selling pressure then rise till the 5650 levels and dot dot black line is the prediction of next move.

NIFTY 1 FUT.

NIFTY

This time NIFTY is taking support near 5400 levels at weekly chart according to fibonacci analysis. in daily chart -MACD indicates some kind of bullish above 5565 levels to 5800 levels. so at this time price line is being trade in between trading range thats why we are in upper stage of the trading range.

Double top in weekly chart indicates bearish for longer term . but i am not sure because 5 wave pattern may be completed near 4700-4800 levels according to fibonacci strong support levels.

so lets see.