NICKEL (1W) – Swing Trade Setup

NICKEL
Metal | Timeframe: Weekly | Bias: Bullish

Price is showing a rounding base / cup-type structure after a long consolidation, followed by a strong breakout with volume expansion clear sign of accumulation.

• Structure: Higher lows forming + breakout above range (~18k zone)
• Volume: Rising on up-move → confirms strength
• Pullback: Healthy retracement into breakout zone, holding support
• Current Move: Fresh bullish push from demand zone

Trade Plan:

• Buy Zone: 18,200 – 18,600 (on dip / retest)
• Stop Loss: Below 17,200 (structure invalidation)
• Targets:
  

  T1: 20,000
  T2: 21,300
  T3: 23,000+ (if momentum continues)

View:
As long as price holds above the breakout base, dips are buyable. This looks like a trend continuation after accumulation, not a top.

Note: Weekly timeframe → patience required, moves can be sharp but slow to build.

⚠️ This is a technical analysis idea for educational purposes only, not financial advice. Please do your own research before making any trading decision.