Om Namah Shivay
Nickel has a simple movement and a perfect EW pattern within parallel. Looks the Triangle is forming. Generally the wave e is in a hurry and moves before reaching the parallel lines.
The leg E, which is the current up movement, is going to come down and then go up. The exact points where it may come down and go up, are to be analysed in lower and higher timeframe both, to confirm self.
The possible move and direction are shown, But leg e sometimes goes or deviates. So it should take the abc pattern.
So the movements will be mostly impulsive/agressive/steep. It may happen that the down/correction movement of e may come much later and overshoot the channel much higher. All should be analyzed separately.
This is just an personal analysis, it has no recommendation or suggestion for trade.
Om Namah Shivay
Nickel has a simple movement and a perfect EW pattern within parallel. Looks the Triangle is forming. Generally the wave e is in a hurry and moves before reaching the parallel lines.
The leg E, which is the current up movement, is going to come down and then go up. The exact points where it may come down and go up, are to be analysed in lower and higher timeframe both, to confirm self.
The possible move and direction are shown, But leg e sometimes goes or deviates. So it should take the abc pattern.
So the movements will be mostly impulsive/agressive/steep. It may happen that the down/correction movement of e may come much later and overshoot the channel much higher. All should be analyzed separately.
This is just an personal analysis, it has no recommendation or suggestion for trade.
Om Namah Shivay
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