MOngo,
ave 4 retraced from basically $50 and down to $41.40. it has since ran up approx 505 to high of 45.90 approx, it has then retraced to a low of 42.41 approx 75% more then a normal retracement, however when you take in consideration the eoy and option expiry and option assignments it is understanderable.
i have wave 5 going to $50.75 on elliot alone, it could quite easily turn into a ABC corrective wave structure though, all very confusing and needs time to unfold
wave 2 must not retace lower then w1, wave 3 is generally the strongest.
w4 must not retrace more than w4 and wave 5 is the final wave. ass well there can and usually has minor waves in each major wave, have a look on daily, weekly amd monthly charts to see these or even intra day. i use Advanced get with e signal is has auto elliot and some auto gann tools, it does save time but need to understand how they work as you would know.
have a look at the 1.68 rule, everywhere in nature, it does play a part but it you overlay mva shorty and long term they are a great tool for real price action, have a look at sept 11 , 2001 and put on some mva, 10, 20 and say 72 on a daily, you would have been short about a week before the nightmare.
happy to show you more as it is a worthwhile tool to learn, can kept you in a trade, or out of it. like the turtles not alway correct but can make you the cabage you would like for the new GT3
make or break on the h&S over the next few days. it would be nice for io settlement of contracts
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Last
$40.70 |
Change
-0.245(0.60%) |
Mkt cap ! $206.3B |
Open | High | Low | Value | Volume |
$40.68 | $40.79 | $40.53 | $170.5M | 4.184M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 11340 | $40.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$40.70 | 5008 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 11093 | 40.690 |
18 | 6055 | 40.680 |
19 | 6724 | 40.670 |
13 | 8921 | 40.660 |
8 | 5521 | 40.650 |
Price($) | Vol. | No. |
---|---|---|
40.700 | 5008 | 2 |
40.710 | 7025 | 26 |
40.720 | 4929 | 13 |
40.730 | 9097 | 11 |
40.740 | 5059 | 9 |
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