If Nickel supported by 1119/1118, we may see upside retracement.
Retracement Levels: 1129(done already), 1136, 1141, 1146, 1150, 1154, 1164(100%).
If 1119 supports and if 1134.20 is end of wave A, then wave C targets are:
1134.20, 1137, 1138, (1143), 1149.
Reversal from any of the retracement levels/wave C targets, I woul like to see 1119 first.
Further targets on the down side are: 1109, 1103, [1092], 1075, 1064, 1060, [1047].
Retracement Levels: 1129(done already), 1136, 1141, 1146, 1150, 1154, 1164(100%).
If 1119 supports and if 1134.20 is end of wave A, then wave C targets are:
1134.20, 1137, 1138, (1143), 1149.
Reversal from any of the retracement levels/wave C targets, I woul like to see 1119 first.
Further targets on the down side are: 1109, 1103, [1092], 1075, 1064, 1060, [1047].
Positional View Given on 13th August.
