ADY admiralty resources nl.

on the verge, page-3

  1. 6,489 Posts.
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    Short term target looks to be 2.2 which is also 1.618 Fib of the 1.4 to 1.9 run assuming there is no 5th wave extension.
    That would create a rising wedge for the minor formation, followed by an ABC correction to form the handle of the cup & handle. We do appear to be at the beginning of a change in the major trendline with an upchannel on the horizon.
    My feeling is we will form an ascending triangle (intermediate formation) under 2.2 during the second motive with the presence or absence of good news deciding whether the major trend remains the cross channel or becomes the upchannel.


    AS ALWAYS DYOR, I'm a novice chartist

 
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