as one of the top candidates for mining these days, beam completed a cup and handle pattern and is getting ready to burst up. although posting a little late, there's a chance market consolidates and give us all a good chance to buy beam at great prices again. lets see if that happens?
this is personal idea and shouldnt be considered as signal.
wish you all happy...
Hello to you all. Mars Signals team wishes you high profits at all times.
Experience a falling price, we think it is the end of the fall, and with the next positive candle, loved ones who want to have a safe purchase will wait for the next positive candle to open, and those who want to trade at a risk can make their purchase at this price. Specified...
Pattern: Channel Up on 1D.
Signal: Buy as the price is on a strong rebound on the 1D MA50 (blue trend-line).
Target: Short-term 1.2500 below the 1.5800 Resistance and on the Higher Highs trend-line of the Channel) and Long-term 2.000 (above the 1.5800 Resistance and on the Higher Highs trend-line of the Channel).
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After the drop we have this full brown reversal which looks like it will jump the trend line given the current volume coming in the current 24h period. An obvious signal of the classic FBWA "Full Brown Wrap Around"