Type 1 is over,price returns to retest HOP level for type 2 entry
Type 1 is over,price returns to retest HOP level for type 2 entry
Keep an eye on commodities and South American currencies.
Type 1 is over,price returns to retest,hsi at HOP level for type 2 entry
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)...
EMA200 : 787 CHANNEL BOTTOM = 785 FIB. -61,8% OF WAVE 3 = 787 BUY AT 785-787 SL 779 TP 860 Regards !
Prices Monday might open Gap up due IMF new Credit line of 24bi. Current creditline of 200bi is depleted, and was depleted during January where prices closed at 800. 24bi is an increase of 12% of debt. Expect monday open at 808 and tend support during week 800. And sky rocket to 896 (800*1.12=896) where prices mightbtend to support for further highs 2020 - 2021.
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.
Mañana podemos vender entre 822 y 826 con en dirección a 809. Al llegar a 809 podemos salir o colocar stops en 826. Posiblemente caiga a 780.
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...