Wednesday, 6 July 2016

Nickel Mini 06072016
















NSE markets were closed today but MCX was open for the evening session. Took one trade as marked.  Prices yesterday were down around 8% from the highs.  That is a lot of move in one day.
Today in the evening session it traded in a narrow range within last corrective wave's range. Once it broke out of this range of up side, attempted a BPB trade.  It was also a classic example of measured move and reached the target.

3 comments:

  1. Measured Move has got into our glossary now ....

    :-)
    zen

    ReplyDelete
  2. Just noticed , your posted chart - the range is from continuous from the previous day's chart ...

    ~zen

    ReplyDelete