MCX Nickel Parabolic Curve Pattern & Tips
This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement.
As mentioned in the chart, At the end-point of Base 3, indicated by the "X" symbol, the nickel could double in the shortest period of time. Targets: 1426 - 1632 - 1778 - 1854 - 1962 (2.618 - Based on Fib Retracement).
If nickel breaks the curve line, it can collapse up to "X" or base 3 deep. Hence, we can see the following targets from the selling point: 1130 - 1050 - 960 - 850 and below.
Remember, trade with the direction of the breakout. And stop-loss above/below breakout level.
As mentioned in the chart, At the end-point of Base 3, indicated by the "X" symbol, the nickel could double in the shortest period of time. Targets: 1426 - 1632 - 1778 - 1854 - 1962 (2.618 - Based on Fib Retracement).
If nickel breaks the curve line, it can collapse up to "X" or base 3 deep. Hence, we can see the following targets from the selling point: 1130 - 1050 - 960 - 850 and below.
Remember, trade with the direction of the breakout. And stop-loss above/below breakout level.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.