I like your Elliot Wave chart @slick! It looks very much in line with what I'm charting and its playing out pretty much how I expected based on Elliot Wave theory.
From my research on the topic, wave-3 is typically the strongest in price and volume with solid conviction from investors, though wave-5 (final advance in an Impulse Wave) can sometimes exceed wave-3 in price, generally with a driving sense of euphoria in market sentiment. It's also worth monitoring the price channel over the entire Impulse Wave to help determine when the down waves (2 & 4) and subsequent corrective waves (A-B-C) might commence post wave-5.
IMUGENE CHART. TA only, page-8076
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |