RenkoTradingSystem
Oct 2, 12:03 PM
$PI Weekly Candlestick chart
The weekly chart for PI confirms a flawless, high-probability saucer (rounding bottom) breakout pattern.
📐 Structural Pattern Analysis
• The Saucer Base: Following a correction down to
$87.36 in March, the stock carved out a massive, multi-month rounding accumulation base. This reflects steady institutional accumulation absorbing overhead supply.
• The Breakout Window: The stock has rallied strongly to
$183.87, putting it right at the lip of a major horizontal resistance zone near
$185.00–
$186.66.
• Moving Average Health: The entire rounding structure is securely supported by a rising EMA(10) at
$171.07, confirming a healthy, established uptrend.
With a powerful mid-cap SCTR of 95.5 and a stable macro RSI(14) of 61.58, this chart possesses exceptional structural backing. It fully validates its high ranking right behind ASX as the market prepares for today's session.
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