I don't see a potential breakout using my charting setup 1. A 1...

I don't see a potential breakout using my charting setup
1. A 1 day chart of the last ~2.5 years does not show a breakout above -40% for the SMI


2. A 1 hour trader’s chart of the last few months using the exact same settings for TEMA and SMI




Like you I deliberately left the settings off screen for they are major variances from the standard settings. (My secret sauce)

If you study these 2 charts you will see the high probability of buying or shorting at common colour changes associated with movement between the SMI extremes as I see and use multiple chart-sets to 'Invest' in CFD's
In this case neither chart shows a breakout IMO and my guess is we are close to a bottom but may stay there for a while.

IMO both charts are irrelevant to a Share investor (which I consider myself) for the chart wobbles are really based on sentiment at this stage. Where others bought PTX to trade these bumps or expected quick profits, I and some others have sights on the very high probability future when earnings will direct the share price. Equally, people with large holdings cannot trade without losing badly for there is insufficient liquidity.

The TEMA moving average follows the data closely. It cannot ever pivot before the data for it is mathematically impossible.
The SMI (Stochastic Momentum Index) gives both an overbought and over sold signal sequentially below 40% and > -40% and a steep momentum movement between the 40% lines with significant trend changes.
Combine the both indicators and you have a trend following strategy coupled with a reversion to mean conformation signal that gives a very high probability of short term direction. (A manual QUANT strategy?)
This is great for use with derivatives (CFD's) where you can contract short or long with $millions in an instance 22 to 24 hours a day, but somewhat difficult for shares @ 1 hour but better with the longer trends using 1 Day charts.

Again, you can only see short term probabilities even with these indicators and far less so with the ubiquitous 1 Day EMA 200 and EMA 50
with standard RSI and MACD studies that are really only a history.

I am obviously not a charting enthusiast for shares but an avid user where they can be used profitably.

All my opinion.....