Hi folks
I just thought it was time to update the PLS charts.
I see a small cup and handle pattern in the charts which has formed left lip 2.46, right lip 2.53 . handle currently down to 2.235 and may go lower as mostly a handle needs to be a minimum of of 4 days. (although I have seen a 3 day handle that worked, sometimes they can run for much more)
Next I am looking for a couple of days closing above the right lip which in this case is 2.53. Then looking for a breakout, including some steps along the way.
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
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