Chilean Stock. Pure Technical Projection. Target 0.5 reached Double Bottom Symmetrical Triangle in formation: Wait for breakout.
Just cycles. But yes, this time is different. But maybe not that much (?) So, 2400 USD? This will be THE LAST CHANCE. After that 37k, 47k, 65k, 82k and 93k. Just cycles. Just ideas.
Option 1 Bearish 1-5 Impulse: Bottom at 2910-3040, ABC correction to 3310-3520 Option 2 (not shown in this chart): ABC correction finished around 3300, now could start a new 1-5 Impulse to 4310-4470. Option 1 is more likely to happen due the presence of Falling Wedge structure (shown in the chart) and two H&S patterns completed (not drawn). Educational
Chilean Stocks. Pure Technical Projection. Huge C&H since Jan 2013. Handle in process. Could bounce now or go down to test the 32 support (38.2% retrace). Due the volatility seen in May and the sideway market that has been supporting price at 50% "cup" retrace, the probability of watch a bounce now is higher than a dump. +++MACD and RSI have been converging...
Chilean Stocks. Pure Technical Projection. 2016: Historicals Lows. 2017: Strong uptrend Rally. 2018: Correction. Holding at the 0.618 retracement of 2017 rally, this could be the chance to start a new uptrend. Important: Price has broken the 2018 downtrend resistance, it just need to hold above the cloud and/or not get inside the channel again, otherwise it will...
Chilean Stocks. Pure Technical Projection. Box Pattern, which in this case should break to the downside. This is a short 75%. Also, price is in the vertice of a symmetrical triangle, so the breakout may be fast and strong.
Chilean Stocks. Pure Technical Projection. H&S in formation, which until now shows itself as a Bat in his last leg and its reversal will paint the right shoulder. This stock have been in a strong uptrend the lasts years, so now could be time for correct itself. But this will be in Bulls hands at the moment of reaching the top of the right shoulder because if...
Chilean Stock Pure Technical. Huge C&H almost done. Big Bat complete. iH&S complete. Sideways for some time and than Bull run. Trade the targets.
Chilean Stocks. Pure Technical Projection. Cycles + Patterns.
Chilean Stocks. Pure Technical Projection. Double Reversal Pattern complete! Crab (extreme volatility), which has formed a C&H. Bottom finded. Perfect set up for start a new uptrend. Support may be retested, but also is quite possible to see a breakout soon due the volatility seen in the C&H pattern. Always keep an eye on the clouds and EMA's
Chilean Stocks. Pure Technical Projection. Huge C&H: Cup: From March 19 2013 (the day before the big spike) to 30 Jan. 2018. Handle: From Feb. 1 2018 to Sept. 11 2018. Right in the 61.8% retrace from the lower to the highest point of the cup. In the reversal one small iH&S completed and one big iH&S in process to close the Head and than possibly retest 6650 to...
Chilean Stocks. Pure Technical Projection. In the begining of the Handle of a Big C&H, price is playing around with all EMAs and seems they want to be strong resistances from now on. A Shark could be the reversal pattern, but price will need to retrace between 15% to 35% more to find support and the respective PRZ.
Chilean Stocks. Pure Technical Projection. Bullish: Volume rising in the last month. Falling Wedge broken. Price inside the cloud + TK cross: wait for correction = Kijun-sen bounce. MACD and RSI finally start to rise after a few months of converging against price. EMAs 13 and 55 acting as support. Curve of accumulation phase -- pre Bullrun NUEVAPOLAR is probably...
Chilean Stocks. Pure Technical Projection. iH&S in process of reaching targets, with the 0.5 extension reacting as triple top and giving birth to the rising triangle. Currently a Shark is in formation and could be the chance for top the triangle again. Triangle Breakout could be strong enough to pump to 7100 - 7360 or to dump to 6290 - 6170. If the lower band of...