Double click price column to see this chart. My move perhaps a little early however, a long off this cypher pattern seems like a reasonable opportunity to get into RIO Tinto at this level even with price potentially consolidating over the next few days. I'm actually not concerned if this stop loss gets taken out as prior swings have been very profitable.. As...
Using my "Imagined Reality", this seems like the formation of an OCO. In addition, the attraction of the 2 GAPs below helps confirm my imagination. If this happens, see:
1- Nothing is 100% in graphical analysis
2 - The fall of the asset will not be linear, there will always be "up and down".
3-As can be seen, I put a small blue line to show that the asset can...
You are looking at RIOTINTO, 1W chart.
after the completion of Cup and handle pattern a symmetrical wedge have formed, which the price is trying to break above the resistance.
If it break above the symmetrical triangle it will targetting the $91 price.
Also, the chart is bullish.
I will go "Long" for this.
Maybe too early to call, but is showing some good signs and ones I would expect to see. Respecting the 2c price that capital was raised at prior to reinstatement. Think some people will still be wary of it, but thinks it's good value for a modest turnaround down at these price.
Disclosure I hold some. DYOR, no Lambos...
Wait until Wednesday latest if the price doesn't fall then buy. Using price action $30 shows bullish momentum supply and demand has been outlined. With weekly highs being touched price should lower, then jump up again. For now i would wait. If price does go towards and touches support at $27 mark i would definitely be buying this market
Shares opened lower today and are now trading at least 5% lower on the day around 2555 levels.
Retreat from 2800 (Oct 11 high) followed by a drop to 2550 levels adds credence to the bearish price RSI divergence on the daily chart. However, a 250 point point drop could lead to short-term loss of momentum and thus yield sideways action before further losses...
Hi Everyone, there is a sell setup for RIO -0.89% on the London Exchange.
It is in a corrective ascending triangle which we are waiting for to break down and out of. A high risk entry is available on lower time frames now which could bounce up off the lower trend line but otherwise we will wait for the break and retest of the lower trend line for the sell.