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Nickel: Persistent Consolidation Needed For Continuity Of Uptrend

Published 11/05/2017, 12:06 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movement of Nickel Futures price since my last analysis.
Nickel futures price 1 Hr. Chart - Expected Propositional Trading Zone For The Week Of October 29th, 2017

Having a look at the movement in the same chat on November 3rd, 2017, I find that the Nickel futures price seems ready for volatile moves on either side from the current levels after an eruptive move during the Week of October 29th, 2017.

I conclude that the Nickel futures price needs a persistent consolidation at the current level which will confirm beginning of more strong moves during the upcoming weeks amid growing volatility. I conclude expected propositional trading zones for the Week of November 5th, 2017.
Nickel futures price 1 Hr. Chart - Expected Propositional Trading Zone For The Week Of November 5th, 2017
Nickel futures price 4 Hr. Chart - Expected Propositional Trading Zone For The Week Of November 5th, 2017
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