MCX Nickel Double Top – Potential Reversal

free commodity nickel calls daily chart

According to this chart, MCX Nickel is making a double top chart pattern. It’s at risk of a bearish trend after double top formation. Wherein the first top at 1158.4 level, and the second top can be between the range of 1160 – 1176.

If it’s a second top, nickel will make a large false break pin bar here. That might be up to the 1176 level. Afterward, the short-term traders can sell it for levels of 1106 – 1076 and below.

Here I have drawn a neckline as a support trendline to get an accurate exit/entry point.

Wait for the right entry-level, don’t sell above 1160 level.

Further information I will update to the premium subscribers only.

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Gold Spot & MCX Nickel – Massive Bearish Pressure Coming Soon

free commodity gold spot hourly chart tips

GOLD SPOT See What These Gann Gan & Fibonacci Retracement Value Say About Trend

Here, I have used Gann Fan & Fibonacci Retracement to identify the next move of Gold Spot. Wherein, it is taking reversal from the 0.5 retracement value (highlighted by green square). And now it’s running under 3/1 & 4/1 Gann Fan value.

According to this chart, gold will keep drilling upward up to $1940. After that, it can fall for 0.382 value of retracement. And a breakdown of this retracement means $1900 waiting ahead.

Overall we can see a bullish trend. That can be for $1960 – $1976 levels before Nov end.

MCX Gold Report: Intraday Pullback Before Acceleration Lower

Gold in Correction Mode..?

Nickel Trading Calls Updates

free mcx nickel calls chartHow many of you bought Nickel? If not, read this article: MCX Nickel Detailed Trend Forecast & Tips

I have written in bold words, “…nickel will start raising for 1076 – 1090 – 1100 level. Dynamic resistance breakout will lead the prices for a 23.60% retracement level”.

In the last trading session, MCX Nickel has reached all targets (see below). What else you want!?

free mcx nickel tips & updates

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MCX Nickel Detailed Trend Forecast & Tips

free mcx nickel calls chart

Here, I have used Elliott wave theory, Fibonacci Retracement, and MA (30 & 62) to identify the next move. At present, MCX nickel in a corrective wave. We may see a reversion bounce off here. It can be up to 38.20% to 23.60% of the retracement level. Wherein, 38.20% retracement level will act as a resistance and 50.00% vice versa.

In other words, nickel will start raising for 1076 – 1090 – 1100 level. Dynamic resistance breakout will lead the prices for a 23.60% retracement level. Intraday or positional trader can hold 1080 level.

If nickel breakout the strong support and 50.00% retracement level, don’t buy. That can slip immediately for a 61.80% retracement level.

Also, don’t forget to wait for a crossover of MA 30 & 62.

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Nickel Traders Big Trend Analysis – Part I

free commodity nickel tips chart

The positive trend will start after a breakout of hurdle.
Targets: 951 – 936 – 925

Accurate entry-level, targets and stop-loss are available for the premium subscribers. Get flat 50% OFF on commodity pricing plans: click here

Note: the special offer is going to end.

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