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4.4¢ argosy minerals limited

Ann: Positive Assessment of Long-Term Pumping Data at Rincon, page-56

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princey37

3,779 Posts.

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30/01/21

09:53

Post #: 50566400
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Originally posted by W3hunter: ↑

@princey37 the main trick to getting the full wave 3 is to the ride the moving average, it takes a bit of courage and discipline actually, price is near the 2.618% area yes but it hasn't performed like a top there, the top of a wave 1,3, or 5 is and extreme point, price is the farthest away from all moving averages at that point, it also pops outside of the Bollinger bands, this usually happens in a FOMO frenzy and then the sharp pivot retrace forms the back of the wave 4 triangle, no pivot here we`re actually consolidating, we know one of the waves 1,3,5 in an impulse move will be an extended wave (this is an Elliott wave rule) so far it wasn't 1 so it will be 3.or 5. I suspect it`s this 3? because of the way it looks here (or doesn't look here). you would count this more accurately than me but I just don't think this looks like a wave top yet.View attachment 2861755

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Thanks for the info @W3hunter, I like the EMA's, makes life simple in this situation.

Where do you classify the start of wave 3 from? I take it from the wave 2 low, I think that's why my 1.618 and 2.618 fib target levels are different. You appear to start wave 3 off the top of wave 1?

AGY Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.4¢		Change -0.001(2.22%)		Mkt cap ! $64.78M

Open	High	Low	Value	Volume
4.7¢	4.7¢	4.3¢	$49.46K	1.129M

Buyers (Bids)

No.	Vol.	Price($)
9	428764	4.3¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	4911	1

View Market Depth

No.	Vol.	Price($)
9	428764	0.043
5	783250	0.042
7	684517	0.041
9	912782	0.040
9	3075431	0.039

Price($)	Vol.	No.
0.044	1518	1
0.045	69613	2
0.046	20092	1
0.047	117127	2
0.049	824745	5

Last trade - 13.23pm 03/09/2024 (20 minute delay)

AGY (ASX) Chart