PLS 5.69% $3.16 pilbara minerals limited

PLS chart, page-9277

  1. 3,522 Posts.
    lightbulb Created with Sketch. 3642
    My method seems to work best in 1 minute charts as the 2 minute doesn't show the detail to get the intraday EW wave patterns, but on a big move I will switch between 1, 2 and 5 minute charts for confirmation. I'm expecting this movement to be only a small one - just the wedge (which it basically has been so far) so I'll work with just the 1 minute and 50-75% of the trading stock. Also from the chart patterns I am already set up with the orders priced and waiting to fire, so if the condition is triggered I send them instantly. As you can see this one was pretty close and 2 orders were sent for the sell and one has triggered on the buy so far. I also don't sit at the bottom of the re-entry target but a bit above - so here I expected 508 so I set the re-entry for 511 and 509. My 509 was just missed, so I have lifted that a bit.

    https://hotcopper.com.au/data/attachments/4808/4808619-62b35a50e9da6290570f4db2efa81473.jpg


 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.