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Thanks for the detailed response @Patterns, My next question was...

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marcoCR

10 Posts.

22/08/22

22:52

Post #: 63258570
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Originally posted by Patterns: ↑

@marcoCR PTX 21.5 The first thing to do is mark out the highest high and lowest low of the range price is currently trading in. Then find the trend by joining the highs and lows in between. So the bottom half of the chart is demand where buyers predominate and the top half of the chart becomes supply where the sellers predominate.So price will tend to ravel from the lowest low where buyers predominate up to the highest high where sellers predominate and on the way up sellers wait for price to move up to supply levels and then the selling pressure heads price down towards the demand level again etc. Today was an important day for PTX because it closed above a swing high and therefore a previous price target and now becomes a new and higher price target of 25.4 cents at the next sw@marcoCR

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Thanks for the detailed response @Patterns, My next question was going to be Supply and Demand, but you answer it already
Below is my version of the Graph, I could not figure out how did you get the price of 28.94c
As I understand the trend still a down trend until it reaches above 26.11c
Thanks again
Marco
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