PLS 0.67% $2.98 pilbara minerals limited

PLS chart, page-15403

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    The vertical lines are the fib time series extension from the first 1 & 2 waves of the day - they tend to align more-or-less with important turn events. The box on the right is the projected extension calculation from the break in the wedge - aprox 8c. Personally I can't see how it can hit that target (474-475) with all the head wind in front of it, but that is what the calc suggests. Further it did the run to 470.5 without retrace, so using the 160% fib extension we get 474 - 475 as well. So that is two different models giving the same target. Tricky thing is that there is a second target implied in that if it does get to the 474 target or of 479.5 to 480.5. Which would just be totally nuts. The first target should be reached around 2:50 if we are going to get there according to the fib time series, but that gets pretty iffy the further away from the source you get,

 
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