Orocobre is a Lithium miner in Australia.
One interesting fact is that on Friday, June 28, extremely high volume pushing the price up 3.5%.
Corrective comes in 3 waves usually and i believe it has just completed Wave 3 on June 18. Wave 1 started on May 6. Usually the end of the wave is confirmed by high volume.
Using Gann analysis, the tops from May 6 to point B is 32 days. The bottoms from A and C is 31 days. Both wave A & C are almost equivalent in price.
In Gann we call it time and price harmony.
Should be expecting ORE to head up and this is in line with the the demand of lithium in EV batteries.
One interesting fact is that on Friday, June 28, extremely high volume pushing the price up 3.5%.
Corrective comes in 3 waves usually and i believe it has just completed Wave 3 on June 18. Wave 1 started on May 6. Usually the end of the wave is confirmed by high volume.
Using Gann analysis, the tops from May 6 to point B is 32 days. The bottoms from A and C is 31 days. Both wave A & C are almost equivalent in price.
In Gann we call it time and price harmony.
Should be expecting ORE to head up and this is in line with the the demand of lithium in EV batteries.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.