It looks like B wave triangle has completed with the final push to $7 43 in an (e.)wave.
80 percent of the time the price will continue to move in the same direction as the initial A wave and the C wave is typically more powerful and equal in length or an extension of the A wave.
A break below 6.06 would confirm this and a price target of $0.18
As you can see this played out on the run up to $14.50 where C was equal to A after completion of the B wave triangle
A weekly closing break above $7.43 would be bullish.
Daily Price Movement / General Discussion, page-31393
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |