2022/02/17 13:11 PM – STANDARD LITHIUM – (SLI) – D1 – DIAMOND PATTERN !

STANDARD LITHIUM LTD -D1-DIAMOND ! by Ironman8848 on TradingView.com


Looking at the DAILY picture, a “Diamond” pattern is in progress and is currently trying to upside breakout the downtrend resistance line of this bullish pattern .

Last but not least, the Kijun-Sen or Base line also coincides with the upside breakout level of this Diamond pattern, which if broken would also give, an additional confirmation signal, calling for further upside.

TECHNICAL TARGET OF THIS DIAMOND PATTERN IS @ 9.52 or roughly the Daily top clouds resistance area !!!

WEEKLY (W1)

Weekly clouds hold and rejected, for the time being,several successive downside breakout !

A weekly closing above $ 7.03 would be very positive and would open the door for higher levels.

Next target being @ $ 7.66 ahead of the cluster @ $ 8.83 – $ 9.00

On my own account I would put in place a Risk Reward ratio of 1:3 !!!

Ironman8848. & Jean-Pierre Burki

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All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

Toutes les opinions exprimées dans mes analyses sont les miennes et ne représentent pas les opinions d’une entité, quelle qu’elle soit, avec laquelle j’ai été, je suis ou je serai affilié. Toute action que vous entreprenez sur la base des informations contenues dans ces analyses est strictement à vos propres risques et ne doit pas être considérée comme un conseil. L’auteur n’assume aucune responsabilité pour toute erreur ou omission dans le contenu de ses analyses. Les informations contenues sont fournies “en l’état”, sans garantie d’exhaustivité, d’exactitude, d’utilité ou d’opportunité et sans aucune garantie de quelque nature que ce soit, expresse ou implicite.