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Alliance

Alliance Resources are allied for more bears. ARLPNice 5 wave impulse done and dusted. We are going to correct on that now. Now in early phases of Wave A with plenty more time to collapse. What determines market action is not some announcement or some promise somewhere. It is purely determined by group psychology. This is a different entity to that of an individual's psychology. It follows rules that govern all of this world, and which too are fractal in nature. We are not aware of any other system that accounts for the fractal nature of markets other then the Elliott Wave theory and its update in the form of the Neo Wave Theory. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
NASDAQ:ARLPShort
by Rykin_Capital
ASX:AQZ Alliance AviationASX:AQZ is now testing the bottom of the trendline. If broken, look for support at $1.685. Alliance Aviation looks like a good buy now, however, the risk of it falling out of the channel is still present because the RSI has yet to curl up and the 10 and 21 ema(s) are starting to curl downwards. I wouldn't catch the falling knife although some people love catching the bottom. A safer entry would look at waiting for the RSI to cross back above 50, prices to cross above the 21 ema or at $1.895 and above with stop-loss @ $1.845 If you intend to enter now, stop-loss at $1.705. Short-term target $2.060. A slightly longer-term target $2.265 A fall below $1.705 will invalidate this view.
ALong
by paper_value