Your welcome.Our pretty Swedish lady has important confirmation...

Your welcome.

Our pretty Swedish lady has important confirmation news breaking in the next couple of months. As it turns out I have another of my pretty ladies American ( who has been in stasis for a long time), has important confirmation news in the same period, the next couple of months.

The Swedish pretty lady ((TLG (anode) whose big sister is PLS (cathode)) has her feet deeply planted in the ground, while my American pretty lady (SMN) has her head in the clouds.

This is a charting thread. The following chart is going to show a comparison into the future of all three PLS , TLG and SMN. PLS is Lithium , TLG is graphite, SMN is other, The chart is below, I will update it every month for three months to see what plays out, especially as the confirmation news hits my young pretty ladies.

Back to what's happening with big sister PLS. Lots of movement today. So far we have a big A-wave from 3.35 - 5.03. Following the peak we have seemingly started a retrace ( two days so far) with todays low being 4.67. The big two day movement of 5.03 to 4.67 is not to be ignored.

A 23.6% B-wave retracement on the A-wave is 4.63, so nearing it in just two days.
Importantly on the 15 May the low was 4.635 in the coming days I will be watching the daily candles to see if they go below this level, as to me that will be confirmation of a larger downtrend. So to the idea that a handle is beginning to form, restarting the Lies & Hoots discussions. Sorry Hoots.
I am expecting some form of bounce if this handle is forming. A downward ABC formation. With the C-wave extension forming after the B-wave bounce. That C-wave extention may lead to the next possible step, being

A 38.2% retracement (4.39) that will fill the 4.45 gap.

Just the way I deal with the markets so that I am not surprised by what plays out, as always DYOR.

We shall see?

cheers Lies