The volume on Pilbara is declining. That can mean 2 things. Investors are holding it and waiting for a good sell entry, or when volume comes in, weak hands will be shaken off.
I am still hopeful for PLS to test the upper channel of the ascending triangle and hoping for a miracle to break upwards. But left side of the chart shows that an ascending triangle can fail and that's worrying because we might repeat here!
1W RSI is pointing down. My guess is as good as yours.
**not financial advice**
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on the weekly, the BB is squeezing. We are also reaching the end of the APEX.
No trade zone for me until we have a decisive break either side.
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This is the shorter term outlook on the 1D.
I have been saying this for weeks. If we go up to 0.95 to complete the right shoulder, then we have a nice head and shoulder bottom and i target the upside near term to be 1.13.
We need to close above 0.95 on the daily with conviction.