Elemont

Elemont

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Elemont

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Elemont

Pullback targeting major fib levels.

Elemont

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Elemont

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Elemont

Expect price to pullback at the 31.8% fibs (9,200 - 10,000), where it may retest low 7,000's again before a move higher. There is money to be made trading the waves.

Elemont

1) Bullish pennant pattern (consolidation after leg up) 2) Bullish divergence on RSI Target #1 (short-term trade): 1,296 Target #2 (short-term trade): 1,303 Target #3 (medium-term trade): 1,322 Long-term: It has the potential to breakout to new highs as a bullish continuation pattern, especially if global equity markets pullback further (the risk to the trade...

Elemont

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Elemont

Trading the pullback

Elemont

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Elemont

Risk:Reward = 1:2 Looking for a bounce off major support.

Elemont

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Elemont

1) Bullish divergence on the RSI 2) Price retesting the downtrend line after bull breakout Good risk:reward long trade, targeting major resistance.

Elemont

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Elemont

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Elemont

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Elemont

Bears break lower on the RSI, trendline breaks down on the price chart. Equities pullback in motion, we look to buy the dips.

Elemont

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