'If' AGM holds these levels over the next few days and pushes north, we may right now be at the infancy of a beautifully forming bullish rising pennant!
65c is a 50% retracement level fron the last run up and 62c a 61.8%. I doubt very much that the 61.8% number would fail and in all reality needs to hold to maintain a bullish formation for AGM!
img src="http://i81.photobucket.com/albums/j208/scottyg71/agmtriangle.gif">
Nickel in all reality will at worst consolidate at these levels, so the chances of big falls from here appear to have diminished! However, could I be feeling so lucky as to see a nice rising pennant formation occuring with Nickel prices also??? If so.... toooo beautiful!!
>img src="http://i81.photobucket.com/albums/j208/scottyg71/nickeltriangle.gif>"
Happy to read the debate for and against AGM - but charts don`t lie! Will this chart provide us with a window into the future - only time will tell!
Trade safe!
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