Johnny G,
I am no Elliot expert either - but your 1-3wave pattern could also be viewed as a first wave at a higher degree.
You can see a nice 5 wave impule on the way up here.
Given your chart - this would have us positioned at the begining of a 3rd wave.
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Last
8,744.4 |
Change
67.200(0.77%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,677.2 | 8,748.6 | 8,677.2 |
| XJO (ASX) Chart |