Sorry but that is complete nonsense.
Wave 2 can entirely retrace wave 1 by 100 %
Wave 3 can be any multiple of wave 1 I have seen it as high as 3.168 times.
Golden rule Wave 4 cannot overlap top of wave 1
I count the entire chart of Zip at present as 3 wave moves not five impulse waves.
The S and P is currently 27 times forward earnings higher than it was before the dot com crash.
Do you believe the market is going to double from here
Chart - Z1P, page-1731
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 (20min delay)
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Last
$2.39 |
Change
0.125(5.53%) |
Mkt cap ! $2.950B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.41 | $2.30 | $9.915M | 4.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 142866 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 192587 | 25 |
View Market Depth
| Last trade - 10.41am 13/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |