Elliott Waves can be used on all sorts of charts and at whatever price. I'm personally a huge fan of Elliott Waves and it has brought me success, especially recently with 4DS and CPV.
I shouldn't have mentioned Wyckoff's patterns, I mixed it up with Bulkowski's for some reason. If your forte is Wyckoff method that's cool but I believe EW is pretty accurate often.
In regards to Wave 5 from elliottwave-forecast.com ,
"Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3.".
The wave 5 you chose would only be a 23.6% of Wave 1.
I
ASN Chart, page-8654
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $125.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $219.2K | 2.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 359456 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 163581 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |