LRS currently in local down trend after upwards impulse move. Forming BDW on Daily timeframe. Recovered the 0.618 from impulse move, heavy confluence with Daily and Monthly support at 0.175.
Search for entry candle at 0.19 to 0.175, stop loss potential at 0.17 to 0.165 pending entry.
Target 2 high probability, key ML, Macro 0.618, and BDW T2.
Loss of 0.175...
LRS is currently using the range high of that consolidation block weekly range marked on the chart. this range is important as this range was the last range before the market had a huge bull run march.
I have targets market on the chart, I will Cut if we get back and close below that weekly important range.
lets see.
" New Pegmatite Zone at depth at Colina Lithium Prospect
Mon, 27 Jun 2022 08:41"
-News catalyst
-Back above Low Range.
-Backtesting low range
-Above the 20 day EMA all intraday TF's
Targets Mid Range.
patience is key to see this work out.. markets are extremely volatile ATM with FED meeting in july is also to be wary of.
Heading to the side lines today, reached round number 20 cents
good momentum within,
nice risk reward ATM, my
prior long was from entry .03 cents, target met banked 1/2 off. I'm not greedy
Perma..
Discount demand zone marked, pullback in progress still, now it's a waiting game.
will it return? if not cool but understand price rhythm and structure of whos in control, between buyers and sellers
looking for more lower lows, upside potential
be neutral and unbias like a robot !
pump we with bitcoin sats then and l'll show signal entry or if not...
Lost 7% but it's still technically intact
Breaking out of a falling wedge within a decent lattie. Wht
's teh dominant gradient here? It's unclear. This may be it, though, meaning BO from a falling wedge cum bullflag later.
Looks like we have been consolidating in another pennant formation, if we break up looking to 0.11 -0.14. We are also waiting on news, so this will dramatically effect this stock once results are released. .
Look at last chart of LRS, which performed perfectly. Please DYOR, not advice.
LRS has been moving nicely as we come into February awaiting the first testing results. Held up by the 0.618 fib followed by a break up. I think we may continue to move up to 0.077, if results are good we will fly past it. GLTAH, please DYOR. Not advice. Long term holder
$LRS - Daily, Price is at 38.2% fibs and pivot also support/ flip zone, indis are also pointing up with bullish divergence formed..
worth keeping a watch IMO...Please DYOR first
Recent action has been very strong on this Sth American Lithium/Cobalt/Copper play. Is that a sign of a continuation move today on volume? Great space. #timewilltell
