LRS CHART THREAD

[lellep]

View attachment 4856
Dow had a dump last night of 900+ pts, with the Dow futures predicting another 1000pt drop on Monday.....

View attachment 4857
Tree shake going on with the Global X..............Double bottom coming ?

View attachment 4858
I still have a 1.618 fib target of 29.20, but unless we have a nice gold bell prior to opening on Tuesday regards to the results of drill holes 5 & 6 , then 18c support will get a severe test.

imo

View attachment 4859

Thank you so much Beisha, everyone here respects and appreciates your work. Hope you and your family are having a good Anzac day.
Cheers,
Lelle

 

[ThePasta]

Any updates to this chart? Many thanks

 

[BEISHA]

Any updates to this chart? Many thanks

Hey Pasta, hows it going champ ?

I reckon wave 4 down is done and dusted , they normally finish around the 38 fib, LRS went below that briefly ( yellow arrow ) but kicked off from the strong support at 13 nicely, RSI 14 has reset from the high of 94 and is slightly below 50, needs to settle and get above it , using Heiken Ashi candles smoothes out the noise, there are no in between, its either green or red candles, so, watch out when you start to see a green doji or the first green chunky candle, most of the time it means a change of trend is imminent.

I am waiting for a top up but i wont be doing that until i get confirmation of trend change, a break of the strong resistance @15 with extra volume will be the time to do it safely.

Of course, this scenario depends on a stable macro and more good hits of spod at Salinas

imo

 

[ThePasta]

Hey Pasta, hows it going champ I reckon wave 4 down is done and dusted , they normally finish around the 38 fib, LRS went below that briefly ( yellow arrow ) but kicked off from the strong support at 13 nicely, RSI 14 has reset from the high of 94 and is slightly below 50, needs to settle and get above it , using Heiken Ashi candles smoothes out the noise, there are no in between, its either green or red candles, so, watch out when you start to see a green doji or the first green chunky candle, most of the time it means a change of trend is imminent.

I am waiting for a top up but i wont be doing that until i get confirmation of trend change, a break of the strong resistance @15 with extra volume will be the time to do it safely.

Of course, this scenario depends on a stable macro and more good hits of spod at Salinas

imo

Thanks very much! Always amazes me how you can extract so much information from a chart! Doing well thanks! Holding strong still one bag up so it’s nice to have some wriggle room. In for the long haul though. Thanks for your information mate’s

 

[Gavatron77]

Hey Pasta, hows it going champ ?

View attachment 5218
I reckon wave 4 down is done and dusted , they normally finish around the 38 fib, LRS went below that briefly ( yellow arrow ) but kicked off from the strong support at 13 nicely, RSI 14 has reset from the high of 94 and is slightly below 50, needs to settle and get above it , using Heiken Ashi candles smoothes out the noise, there are no in between, its either green or red candles, so, watch out when you start to see a green doji or the first green chunky candle, most of the time it means a change of trend is imminent.

I am waiting for a top up but i wont be doing that until i get confirmation of trend change, a break of the strong resistance @15 with extra volume will be the time to do it safely.

Of course, this scenario depends on a stable macro and more good hits of spod at Salinas

imo

Is there a gap at 10.5c that it's heading to? Looking to pick up another parcel, these prices are crazy cheap considering 16c CR recently

 

[BEISHA]

Is there a gap at 10.5c that it's heading to? Looking to pick up another parcel, these prices are crazy cheap considering 16c CR recently

There was a break away gap at 7.6c ( yellow arrow ), but nothing there after, MACRO crazy bearish and no support underneath, so never say never, but i dont expect those levels to be hit at all, FA too strong, RSI 14 not far from over sold and Dow futures up 150pts atm, so i am expecting a decent bounce tomorrow.

See what happens.

imo

 

[BEISHA]

View attachment 4856
Dow had a dump last night of 900+ pts, with the Dow futures predicting another 1000pt drop on Monday.....

View attachment 4857
Tree shake going on with the Global X..............Double bottom coming ?

View attachment 4858
I still have a 1.618 fib target of 29.20, but unless we have a nice gold bell prior to opening on Tuesday regards to the results of drill holes 5 & 6 , then 18c support will get a severe test.

imo

View attachment 4859

Hi All

Signs are looking good for a swing here, ....

a) RSI 14 curling up from the canvas

b) 5 ema flattening out

A break of the strong resistance at 13/15 and sub wave 5 up is well and truly on.

imo

 

[lellep]

Hi All

Signs are looking good for a swing here, ....

a) RSI 14 curling up from the canvas

b) 5 ema flattening out

A break of the strong resistance at 13/15 and sub wave 5 up is well and truly on.

imo

Hello Beisha, may I share your charts on hotcrapper ?

 

[BEISHA]

Hello Beisha, may I share your charts on hotcrapper ?

Yep, no problem, just be careful you dont get moderated

 

[lellep]

Yep, no problem, just be careful you dont get moderated

Cheers

 

[BEISHA]

Hi ALL

The week that was......

Dow was only down 90pts over night, but for the week, down 840.

Wave 4 down normally gets attracted to 38 fib or height of wave 1, if that is the case then there is 10% more pain to come, there is minor resistance highlighted in blue which it could also fall, only MR Market will know which option it goes.

Whilst the DOW is still bearish in the short term, i am hoping Global X might counter that by going bullish.

Wave 4 down has hit the popular 38 fib level and it looks like there could be some accumulation going on there, RSI 14 looks to be basing at 38, once RSI 14 gets above 50 and SP gets above 75, then i will be confident of a reversal.

As you can see with the yellow arrow pointing, accumulation is going on at the 50 fib, SP was pushed down further than 38 fib due to the bearish macro, hoping this is the floor, RSI 14 looking like its basing nicely, not sure there is much downside left.

For a swing to be confirmed for LRS, RSI 14 needs to get above 50 and SP needs to breach strong resistance at 15.

imo

 

[BEISHA]

Hi All,

The week that was

ABC correction still playing out, DOW dropped 500pts approx for the week, however i sense a slight shift in momentum , cause it did go as low as 31228, but then recovered 1000pts with that hammer candle forming ( yellow arrow ), have we seen the low, or is it fake news ?

RSI 14 indicator, close to OVERSOLD.

Global X had a positive week, went from 64940 to 67.540, looks to be accumulation going on right on the 38fib, whereby wave 4 downs tend to gravitate, this looks to be another one of those cases, if so, then thats good news for all lithium players.

I alluded in previous posts that a swing could be on here, for that to happen RSI 14 needs to get above 50 and resistance @ 75.

LRS is displaying perfect EW despite the bearish MACRO, looks set for wave 5 up and i have a target of 1.618 fib ( 43.06 ) to achieve over time.

RSI 14 is perfectly placed just above 50.

Dow futures were up 440pts approx, should be a green start to next week for LRS.

imo

 

[Blockhead]

Hi All,

The week that was

View attachment 6563
ABC correction still playing out, DOW dropped 500pts approx for the week, however i sense a slight shift in momentum , cause it did go as low as 31228, but then recovered 1000pts with that hammer candle forming ( yellow arrow ), have we seen the low, or is it fake news ?

RSI 14 indicator, close to OVERSOLD.

View attachment 6567
Global X had a positive week, went from 64940 to 67.540, looks to be accumulation going on right on the 38fib, whereby wave 4 downs tend to gravitate, this looks to be another one of those cases, if so, then thats good news for all lithium players.

I alluded in previous posts that a swing could be on here, for that to happen RSI 14 needs to get above 50 and resistance @ 75.

View attachment 6568
LRS is displaying perfect EW despite the bearish MACRO, looks set for wave 5 up and i have a target of 1.618 fib ( 43.06 ) to achieve over time.

RSI 14 is perfectly placed just above 50.

Dow futures were up 440pts approx, should be a green start to next week for LRS.

imo

Thanks B
I appreciate your charting and comments.
Cheers H

 

[BEISHA]

Thanks B
I appreciate your charting and comments.
Cheers H

Thanks for dropping by, I am very much looking forward to the evolution of Salinas and Cloud 9, i am expecting great wealth once this MACRO shit show starts to subside, when are we due for results you reckon for both projects ?

 

[Blockhead]

Thanks for dropping by, I am very much looking forward to the evolution of Salinas and Cloud 9, i am expecting great wealth once this MACRO shit show starts to subside, when are we due for results you reckon for both projects ?

Let’s hope on green days as we wouldn’t like the good news to be wasted.
Cheers H

 

[Gavatron77]

Hi All,

The week that was

View attachment 6563
ABC correction still playing out, DOW dropped 500pts approx for the week, however i sense a slight shift in momentum , cause it did go as low as 31228, but then recovered 1000pts with that hammer candle forming ( yellow arrow ), have we seen the low, or is it fake news ?

RSI 14 indicator, close to OVERSOLD.

View attachment 6567
Global X had a positive week, went from 64940 to 67.540, looks to be accumulation going on right on the 38fib, whereby wave 4 downs tend to gravitate, this looks to be another one of those cases, if so, then thats good news for all lithium players.

I alluded in previous posts that a swing could be on here, for that to happen RSI 14 needs to get above 50 and resistance @ 75.

View attachment 6568
LRS is displaying perfect EW despite the bearish MACRO, looks set for wave 5 up and i have a target of 1.618 fib ( 43.06 ) to achieve over time.

RSI 14 is perfectly placed just above 50.

Dow futures were up 440pts approx, should be a green start to next week for LRS.

imo

Great work Beisha

Looking forward to the next lot of results from LRS

 

[BEISHA]

Great work Beisha

Looking forward to the next lot of results from LRS

Thankyou, my little apprentice LLEP doing ok too, quick learner that one.....

 

[BEISHA]

Hi All,

The week that was

Dow is entering a interesting juncture, minor support at 31152 is not far away, 38 fib support not far away either , a typical retrace for sub wave 4 down, then not far from that, major support @29226, so lets see if any of those support zones hold.

RSI 14 has now officially touched oversold at 30, has gone as low as 17, could a reversal be on sometime next week ?

Time will tell.

A pretty good week for the Global X, sub wave 4 down hit the 38 fib and looks to be basing , potentially for a swing up, RSI 14 is basing and rising from the over sold 30 territory, positive signs that Global X might have found a bottom.

LRS looks perfectly set for the next leg up, sub wave 4 down has hit the heights of sub wave 1 and the yellow arrow is pointing to a bullish harami, RSI 14 perfectly placed just above 50.

BULLISH !

Good luck all

imo

 

[BEISHA]

@lellep @Blockhead @Gavatron77 @ThePasta

First positive week for the DOW in almost 2 months.

Brown arrow pointing to a doji candle, decision time, more bear or is this the first indication that sub wave 5 up is imminent ?

Needs confirmation one way or the other, RSI 14 is poking its nose up from OVER SOLD position which is a positive.

For a trend change, RSI 14 needs to get above 50 and SP needs to get above 34000 resistance.

Global X looks primed for a swing, 2 positive weeks in a row now.

For sub wave 5 up to be confirmed, RSI 14 needs to get above 50 and SP needs to break the 23 fib ( 78 ) resistance.

LRS hasnt really moved much for the week, that said, sub wave 5 up looks primed......

a) RSI 14 is above 50.........tick

b) EW........sub wave 4 down perfectly aligned with the height of sub wave 1

A confirmed swing would be when SP breaks the red zone ( 14.5 )

Hopefully some more postive news from Salinas is on the horizon to really activate some volume to achieve that!

imo

DYOR

 

[BEISHA]

Hi All

DOW down 260 pts for the week, with the yellow arrow suggesting either sub wave 2 down or something a bit more sinister, like a BULL TRAP and an extended ABC correction to the 38 fib whereby alot of sub wave 4 downs ( white ), gravitate.......time will tell.

Global X is looking good for a SWING up, needs to break that strong resistance zone in red to confirm.

RSI 14 also needs to get above 50.

A look at the DAILY chart, confirms my bullish statement, with higher highs / lows, RSI 14 above 50 and not over bought, and all the moving averages on the rise, including 20sma and upper bollie.

Once the swing up is confirmed, it will be bullish for all LI players, including LRS.


LRS chart still bullish despite the bearish MACRO, long term trend is still there, SP still perfectly aligned with ELLIOTT WAVE ( wave 4 down not entering wave 1 up territory ) that said, DOW was down 200+ pts on Friday night, so my question is, will there be a push to FILL THE GAP ( blue shade ) start of next week ?

Time will tell.

DORY the DUNCE at the crapper thinking 5c is the next drop.......................CRAPPOLA !! ( lol,lol,lol,lol )

The fact of the matter, is LRS would never have dropped this low in the first place if it wasnt for the BEARISH MACRO......anyone can predict DOOM in that scenario.

Even the ripper announcement last thursday with the lovely visuals , got treated with contempt.......

Picking bottoms is tough, but if the GAP closes at 7.8c, then I would be confident thats the floor.

Time will tell.

imo