@ibza…….still learning chart patters, but did do quite a bit of research into Elliot waves…..it does appear to be a classic pattern forming….however the time period is extremely short, and maybe this is due to the absolute speed in which the company is progressing, and time between positive announcements, which is around average of 9.7 days….
…with the next announcement, yes the new set of data will reset the SP and MC….
…My spin on Elliot waves being we are at number 4, as you stated, but this company is moving so quickly in a new space, so i don't think we will see wave 5.
But it is extremely interesting to note, that the classic elliot wave theory originated from far longer time frames, so to see a 'classic' pattern over a short time tells me one thing…...
Human nature is becoming less patient…...
…many reasons to justify this, mine is that Eddie McGuire is too shiny. Yet still everywhere you look.
XPE Charts, page-5412
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