$PI Adjustment continues: Standing firm at $0.20 today is already good progress. Next we need to stabilize at $0.23, then $0.26, and eventually break through $0.3. Let me briefly explain the $0.2 level - some may have missed that it's the bottom of the previous large box. It's a range box operating between $0.2 and $0.3, basically moving within this zone all along. As mentioned before, in trading, the process of rises and falls is that prices rise where there's support and pull back where there's resistance. The adjustment is expected to take another 2 weeks. Below are 2 charts - which one do you think will perform better and why?
$PI Adjustment continues: Standing firm at $0.20 today is already good progress. Next we need to stabilize at $0.23, then $0.26, and eventually break through $0.3. Let me briefly explain the $0.2 level - some may have missed that it's the bottom of the previous large box. It's a range box operating between $0.2 and $0.3, basically moving within this zone all along. As mentioned before, in trading, the process of rises and falls is that prices rise where there's support and pull back where there's resistance. The adjustment is expected to take another 2 weeks. Below are 2 charts - which one do you think will perform better and why?