PLS Pilbara looks set to retest 0.95
Updated
Prices of PLS is now residing in the cloud. Last week 1D close has formed an ascending triangle.
If prices do not fall under the cloud, we should see PLS testing the top of the ascending triangle at $0.95 and hopefully, a breakout to $1.00 this week.
If prices do not fall under the cloud, we should see PLS testing the top of the ascending triangle at $0.95 and hopefully, a breakout to $1.00 this week.
Note
Alternate count still points to target at 0.95.
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Bollinger Band squeeze... a swing in price movement might be coming up. Might go down to X first then Z.
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I still stand by my target as long as we don't break below 0.79. Below 0.79 invalidates the EW count and we will have to recount.
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On the other hand, we might have underestimated the length of Wave 3. Usually, wave 3 will hit 1.618 and we are not there yet. So if the current Wave is 3, we have more to run.
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