Thanks SSkim its all pointing that way I think.
One thing you can rely on with Elliot waves is that a Fib grid streched across a completed 5 wave structure,reveals very accurate Fib targets for the folowing correction and its often that a correction will reach the nearest major Fib to wave 4 (50%or 62%).in this case 62%
2 x charts below
smashing friday, page-162
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Last
8,300.2 |
Change
15.000(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,285.2 | 8,317.7 | 8,244.3 |
| XJO (ASX) Chart |