I am being very cautious in the market now. - RSI>50, RSI<70 Price has broken down from this curved structure Model Forecast for Galaxy Resources Ltd: The ASX has hit the bearish market hard in march 2020. Textbook inverted head and shoulder pattern. OBV, MACD showing bullish interest #BTC GXY has broken through the upper channel on high volume. Iâm somewhat dissapointed and a little saddened by the fact... We are in a much worse situation than the GFC. - Weekly MACD +ve Prefer to be higher. The ASX was able to hit the resistance line. We do not... GXY seems to have taken off north, after breaking out of the triangle with very High Volume, so any retracement lower shall be a fantastic buying opportunity as it has been in a clear uptrend forming higher highs and higher lows. - Daily MACD +ve - We are bullish on commodities, especially metals. GXY during March 2020 became debt free and ready for growth. Most markets take a long time to recover. Potential market bottoms forming for PLS & GXY. Buy recommendation for low-cost brine and scalable spodumene producers. personally i love these 1 pip increase each day instead of a massive increase. Momentum may fade and continue... Called this on a big harmonic a while back with bottom target around 90c, it's bottomed by the looks and has sprung back up let's see if it can continue to grind higher. Moving Average Convergence Divergence (MACD) is defined as a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. - ADX>20 It was able to recover in a matter of months. The MACD bars are solid and stochastic is also hanging onto the green shaded area. - Breakout with good volume on 14 May 2021 and retraced with low volume. Just ride the way and play the ups and downs. Moving Average Convergence Divergence (MACD), Long position in GXY and the lithium sector. - Daily MACD +ve - Weekly RS +ve ENTRY: 4.04 Had a little retracement today which was expected after a aggressive run. - Cup and Handle breakout. Higher than expected adoption... GALAXY RESOURCES (ASX:GXY) Has been locked in a fierce downtrend since Dec 2017 but has just broken out!! The leg of the scallop has been extended so far that momentum has decreased and bearish momentum has been engaged Recent breakout from support wedge Barley is... hey traders, The company was founded on January 15, 1996 and is headquartered in Applecross, Australia. We have witnessed a superb rally over the years since the start of 2009, but at current levels it seems that ASX may have already started to rollover for a deeper pullback. relative performance of brine players such as ORE pre COVID vs. relative strength in spodumene producers after COVID selloff I've made a few ASX ideas lately but i'm Australian so i feel it suits. Although it is still within a larger channel -Break 29 month Downtrend SL: 3.65 I feel this channel wont hold and a further breakdown will ensue Time frames: 27 predefined and now a full customizable options . We absolutely do not provide financial advice in any shape or form. Idea for ASX Possible Reasons For Failure First time using fib circles :). 2. Didn't hold weekly key level. Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y. 2. 1. asx looks to be beginning hourly c wave down before trend continuation to the upside. Aussie Spodumene Miners Potential Bottom - GXY, $GXY - tattoo that pattern in the back of your eyelides. Read latest news here - Daily RS +ve We will see. - MA aligned Galaxy Resources Ltd. engages in production of lithium concentrate and exploration of mineral properties. Its products and services include listing and issuer services; trading venue; clearing and settlement activities; exchange-traded and over-the-counter products; and information and technical services. - Breakout with ok volume today. TP2: 5.34 -Buying volume returning to the market - Weekly FFI +ve Just my opinion but another feather in the cap of GOLD/SILVER. Overall Average Signal calculated from all 13 indicators. This technical analysis guide explains what the moving average convergence divergence indicator (MACD) is, and how traders use it to exercise trading strategies. Look at this monthly wick itâs dying to bounce up 1st of April is the new wick all the stimulus etc,etc, The Canada segment covers the development of the James Bay project, and exploration for minerals. This morning Galaxy has broken through the upper limit of the recent channel, on strong volume. Idea for ASX Multiple ascending scallops using fibonacci spiral for a support which is also a .236 retracement from the top formed I've made a few ASX ideas lately but i'm Australian so i feel it suits. - ADX>25 You can be sure of succeeding in your attacks if you only attack places which are undefended. This is a very long term chart! The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA). There is a bullish candlestick printed with decent volume where price broke the recent downtrend (02/01/20) Factors Our company page charting tool includes 8 different chart types, the popular line, Area, OHLC, HLC, candlestick, Bar and Dot. This is a very long term chart! 1.2. The Australia segment includes the development and operation of the Mt Cattlin spodumene mine, and exploration for minerals. Manipulated global panic cause the largest and most devastating destruction around the world and this market gonna go boom somehow ð§ All we need is a little retracement towards the Support level and trendline Support level of $2.45 where it may come to backtest and... Lithium is a key component within a battery, with the advancements of electric vehicles and the pursuit of greener ways to live our lives batteries have become a strong focus point for the future. - Breakout with decent volume on 14 Apr 2021 +5% on IUGNF anyone want to make a chart prediction for next week? I think we have a way to go yet and will see this thing playing out for months to come as businesses default, housing crashes etc. -MACD spreading on Weekly and holding... 5 month bearish trend broken TP2: 68.34 There is a gap at $1.29 which I would be looking to target. Disclaimer: - RSI<30 Multiple ascending scallops - 100MA cross below 200MA, It looks the ASX is going to close the month below the neckline, Gold prices looking strong with equity's looking weak. 1. - ADX<20 ! The company was founded in April 1987 and is headquartered in Sydney, Australia. I've had a wonderfully relaxing stroll on the beach with my Vizslas, and am now ready to buckle-down and prep for another week of hedgie fookery. #ASX200 After GXY put in a clear bottom and started its up trend momentum, I have taken a small position at 1.30 (could have got a better entry tbh and was in the red for a week or so) but have since added to the position making my current entry average 1.37 as of the 11/11/2020. 3. The Bottom is way off. It seems that it has already made a High in October 2020 and since it was very overbought, the price action since the last 4-5 months have been bearish and it has become toppy. It was a beautiful, clear, blue-skied, sunny day here in SoCal. Break of long term downtrend and Volume returning to the market will see GXY build new Market Structure and Create Uptrend Potential. DPT SL: 76.30 I will be looking for a small retracement if this happens, where I will open a long position. Sun Tzu Art of War : Showing the potential bearishness is an ascending scallop Over 13 drawing tools (Left Hand Column) The Company Page charting tool also includes 13 drawing tools that can be used to draw support and resistance levels, make notes on charts and highlight key price moves and patterns. It operates through the following segments: Corporate, Australia, Argentina and Canada. - Daily FFI +ve Long on Silver, (ASX = overvalued) + (Silver = undervalued) = $$$.
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