I believe that charts work ... but that they require hard work to prepare and interpret well.
Might I ask what software you use ... and is it free or available on subcription ?
I use Iress and Trading View, but I have not found either produces the clear results that you have produced.
This could be due to my lack of experience and skill in finding the relevant software features.
Wave patterns tend to make me seasick ... but in your case the lines drawn are crystal clear.
Recherche
I believe that charts work ... but that they require hard work...
Add PLS (ASX) to my watchlist
 (20min delay)
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Last
$3.76 |
Change
0.050(1.35%) |
Mkt cap ! $11.31B | |||
| Open | High | Low | Value | Volume |
| $3.75 | $3.79 | $3.73 | $50.45M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24000 | $3.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.76 | 152553 | 3 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$3.74 |
Change
0.050 ( 1.08 %) |
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| Open | High | Low | Volume | ||
| $3.76 | $3.79 | $3.74 | 4831203 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| PLS (ASX) Chart |