PLS chart, page-11852

IMPORTANT NOTE

I believe it is obvious that just because a smoothed trend is pointing up, down or sideways,
there may be no certainty of a continuation. I am sure everyone is aware of this.

The only point in mentioning it is that as with all TA patterns it may (or may not) be worth
studying the frequency and/or extent of continuations, and reversals.

Speaking personally, both the frequency and length of continuations are what provide the biggest challenge.
For me reliable triggers for action remain a work in progress, with EMAs, SMAs, MACDs and RSI indicators
passing my pub test so far, but for me the whole area of chart pattern predictions is a minefield for which I lack
enough years of life. I have a 12 month target range in which to maximise returns, so obviously
most here (apart any shorting bar stewards) are likely to be different to that?

For the record I may well be a bar steward, but not the shorting type.