buyer strength at the bottom of the value area.
long trade back to the target at the control line.
It does have the potential to hit the value high again, but you never know.
a safer trade is to exit at the control line.
This time we look at the RIO's price in the Australian Stock Exchange ASX.
The black horizontal line is potentially the strongest support ever.
Price has strongly failed in the past to go under it.
The curve is coming back around those prices which probably pictures a buying zone.
It might probably interesting to buy while in the square and exit when the price...
Another Triangle play to add to the list. Gap down and through the line, but reversed and the bulls won the day. Thoughts lean toward filling the gap tomorrow if buying volume continues. Will likely take a long position if the signs continue to be bullish. If bearish signs appear in the morning I'll try and be patient. Wait for clear signs and go with the trend.
The recovery of the global economy, driven by industrial production, resulted in significant price strength for our major commodities, which we were able to capture, achieving record financial results with free cash flow of $17.7 billion and underlying earnings of $21.4 billion, after taxes and government royalties of $13.0 billion. This enables us to pay our...
Good morning all!! On RIO we are in an uptrend but as we see on the chart at the breakout of the support line and if we have also a large volume you can sell.!!!
As we can see from the chart right here , recently we have seen a strong push to the upside with the changing of market structure creating higher high in the market .
price has finally broke the structure and we can expect a retest back to the demand area as i have marked the circle right there ,
few confirmations that we can take , is retest to the 50% fib area...
RIO correction looks to be done with strong bounce.
However, the bounce is now at a MAJOR resistance.
Confluence of two Golden Fibs define the war zone.
Plotted are three different Fibonacci sequences.
Each series is like a ruler calibrated to one wave.
Confluence zones are of interest for possible turns.
Thick lines are its "Genesis" (from birth) series.
Thin...
strong upside from 2018 mirroring 2004-2008 run, $122 good entry, exit $146 ,20% profit, does seem to be in a bearish expanding wedge pattern, would be watching for a massive retrace down to $110
