MCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5.
Therefore, it can start rising from here to the level of 164.4. The day traders can have the advantage of this impulsive ride of B.
According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
Therefore, it can start rising from here to the level of 164.4. The day traders can have the advantage of this impulsive ride of B.
According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.