Wave Strategy Home Forums Trader’s Forum triangle in nickel

This topic contains 4 replies, has 2 voices, and was last updated by Profile photo ofashishkyal Ashish Kyal, Author, CMT 1 month ago.

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  • #248422 Reply

    Mr.Crazy

  • #248504 Reply

    kmitesh
    Participant

    I think its a H&S pattern with a breakdown below 1182 and reaching a target of 1147. Post that its in an upward sloping channel… not very confident about my wave count though.

     

    Nickel15Min

  • #248503 Reply

    kmitesh
    Participant

    The H&S pattern and channel is more clear in the 1 hour timeframe..

    Nickel 1 hour H&S

  • #248502 Reply

    kmitesh
    Participant

    It seems more like it formed a H&S Pattern with a breakdown below 1182 for a target of 1147.

    I am not very confident of my wavecount since the breakout, but its moving within a very clear upward sloping channel.

    Nickel 15min H&S

  • #248798 Reply
    Profile photo ofashishkyal
    Ashish Kyal, Author, CMT

    Channel and pattern looks good. Wave counts are tricky

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