CMP 1146.80.
If my wave counts are correct, then my view of Nickel is as follows:
Based on Daily Timeframe,
If Nickel Restricted By 1176, 1194, 1280, I expect big correction in Nickel. Downside targets: 1110.50, 1091.21, 1079, 1059.40, 1047.30
Retracement levels: 1107.50, 1053.82, 1000.8.
Based on 1H,
If 1164, 1176 restricts, I expect 1127, 1116, 1109, 1097.
Based on 15M,
If 1164 restricts, I expect 1138, 1130, 1128, 1121.
Best Sell entry would be 1150-1157
STOP LOSS 1165/1177/1196.
Targets & SL:
L1: 1138, 1130, 1128, 1121. SL 1165/1170
L2: 1127, 1116, 1109, 1097. SL 1177/1180
L3: 1107.50, 1053.82, 1000.8. SL 1196/1200.
If my wave counts are correct, then my view of Nickel is as follows:
Based on Daily Timeframe,
If Nickel Restricted By 1176, 1194, 1280, I expect big correction in Nickel. Downside targets: 1110.50, 1091.21, 1079, 1059.40, 1047.30
Retracement levels: 1107.50, 1053.82, 1000.8.
Based on 1H,
If 1164, 1176 restricts, I expect 1127, 1116, 1109, 1097.
Based on 15M,
If 1164 restricts, I expect 1138, 1130, 1128, 1121.
Best Sell entry would be 1150-1157
STOP LOSS 1165/1177/1196.
Targets & SL:
L1: 1138, 1130, 1128, 1121. SL 1165/1170
L2: 1127, 1116, 1109, 1097. SL 1177/1180
L3: 1107.50, 1053.82, 1000.8. SL 1196/1200.
