#MCX:NICKEL trading bullish and reached ATH,
Potential level marked on chart only for learning.
Also marked my trade details with entry and stop loss for easy reference.
Sharing live trades for gaining live market experience for beginners, target hit/not Hit doesn’t matter, only the experience matters.
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Descending Continuation Triangle
A Descending Continuation Triangle is considered a bearish signal, indicating that the current downtrend may continue.
A Descending Continuation Triangle features two converging trendlines. The bottom trendline is horizontal and the top trendline slopes downward. The pattern illustrates lows...
MCX Nickel is following the above uptrend channel from 23 Jan 2020. And making a good trade opportunity for commodity traders. Nickel's upward trend is not over yet. But we may see a downfall below the control price, and it can be up to 1686 - 1620 .
But what happens if it breaks the control price?
It's a 100% sign for a buy signal. But intraday or...
#NICKEL (4HR):- 1569 CMP, LOOKS GOOD ABOVE 1585 FOR TARGET 1640, STOP LOSS 1548 (1 MONTH)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
nickel look bearish till 1521.... i bought around 1500 my target was 1601 and that's achieved in 2 days but now its looking bearish all the way to 1521. and supporting a bearish trendline as well ,, lets see.
#NICKEL Shared with Entry @ 1556 and then trailed after reaching targets and succeed in bagging 42 Points by our friends.
5th target level shared to our friends exclusively !!
Happy Trading !!
Nickel has started moving forward since March 2021. It will complete the 5th wave soon.
According to Elliott wave projection, MCX nickel can touch 1570 to end the 5th wave.
Intraday & short-term traders can buy nickel for the target of 1485.6 – 1506 – 1532 – 1550 – 1570 .
trendline breakout possibility on both long and short side
entries, stop and tgt at respective levels
my personal view is wait for breakout at long side
but cant say anything about market.
there is good risk reward ratio at both sides, though.