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Nickel Futures

5 Aug 2020 ‚óŹ 12:40 PM

Nickel rallied at first in 3 impulsive waves. Either that is a leading diagonal or just 1-2-1-2-1-2, and will be followed by 3-4-3-4-3-4-5, in either case it means a lot of up and down moves higher before a trend can be complete. Then we use channels and Fibonacci calculations to look for next set of levels. 14810 is the top end of the channel that we still in and above that if the entire leading diagonal is projected to wave 3 then 3=1 goes to 16350.

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