Hi, so I start this thread for the night owls out there following PLL on Nasdaq which to some extent lead the ASX: PLL . so the descending triangle pattern didn’t break down below the support but instead pierce through the above trend line. This might indicate an imminent breakdown, however the price has to react more fiercely and some good announcement might be the catalyst. But if there is no announcement soon, long position might exit and drive price down. For me I have been enter gradually with small amount every time I meet a good price to get into, but I will set stop loss at the support line of the triangle.
any input or correction is much appreciated![]()
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