The main trend since March'19 is still valid looking at the purple trendline.
There is a down trendline (orange) since the beginning of July that will “crash” with the main trendline.
So hopefully the main trendline will still be valid and there will be at lease a small bounce.
Using the Volume profile I added a red line indicating that I was wrong and that the...
Analysis Explained:
1.- Major Trendline identified.
2.- Support line made using Volume Profile and matches with Fib retracement level 61.8%.
3.- Old minor trendline identified.
4.- Fib Retracement
5.- New minor trendline identified.
Expectations: That the value will go down using the trendline(5) until reach the major trendline (1) or near the support level (2)...
Chile is one of the world's largest lithium carbonate exporters and they also hold the highest level of lithium reserves. The Chilean Peso / US Dollar pair moving higher provides a substantial tail wind to the industry.
El punto de equilibrio está en 839.72, los alcistas deben cruzar ese punto. Los más agresivos pueden poner sus ordenes en los puntos de equilibrio de menor escalas de tiempo. Los bajistas deben mantenerse debajo del Kumo y del equilibrio diario en rosado. Por como siento la economía en Chile, creo que este país se irá a la chu’, así que voy al alza, espero que...
Recession will kick in with more and more cases of covid19. Orobsbly if we hsve first desd in Chile will jump stronger usdclp. Also stocks should drop due the meassures of the gov with Quarantine. Usa stocks might drop aswell. Dxy above 100 will help support on usdclp.
