**Reposted - Nickel price looking to reverse to the upside?
*Reposted**
A Bearish Gartley and potential 2618 Trade setup to the upside.
To watch for:
1. A confirmed Double Bottom
2. A break to the upside.
3. A break and close above the highest high of the Double Bottom pattern.
3. A Gartley Pattern completion if price hits the D leg.
4. A retracement back to either the 38.2% or 61.2% Fibonnaci levels off the Gartley.
5. Price actionto reverse to the upside (Strong case for entry) with initial targets as shown
**I dont trade Nickel spot prices but use this as a guide for several ASX Listed companies that specialize in Nickel.
Watch the Trend line. If price breaks above the trend line then wait for the pull back before looking to go long**
A Bearish Gartley and potential 2618 Trade setup to the upside.
To watch for:
1. A confirmed Double Bottom
2. A break to the upside.
3. A break and close above the highest high of the Double Bottom pattern.
3. A Gartley Pattern completion if price hits the D leg.
4. A retracement back to either the 38.2% or 61.2% Fibonnaci levels off the Gartley.
5. Price actionto reverse to the upside (Strong case for entry) with initial targets as shown
**I dont trade Nickel spot prices but use this as a guide for several ASX Listed companies that specialize in Nickel.
Watch the Trend line. If price breaks above the trend line then wait for the pull back before looking to go long**
