Nickel Dec Daily Chart Has Formed "Descending Broadening Wedge" Pattern

Nickel Dec daily Chart has formed "Descending broadening wedge" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. 

The market is expected to continue on the bearish term based on the current price action, once the same breaks below a key support holding at 974. The downside rally could be testing all the way through 960-948 level in the upcoming sessions. 

Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 1015 level. Key resistance holds at 1015.

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