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Nickel Futures

10 Oct 2020 ‚óŹ 03:42 AM

Not every commodity may count as 1-2, as is the case with Nickel. The recent correction is at best a 4th wave and a falling wedge or pennant. Now Wave 5 to the top end of the channel again is what we expect. Fibonacci ratios show that the third was exactly 161.8% of 1 and so if 5=1 we are looking at an 18.7% move in wave 5 up to 16644, or the top end of the channel at 16850

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