I should also point out that while I follow Elliott Waves, I think that Wave 4s intersect Wave 2 areas in some cases. It's the only way to explain some chart patterns that occur on the market such as a head and shoulders pattern.
We can see it occurring here in the first phase of ASN:
ASN Chart, page-8659
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Last
7.4¢ |
Change
-0.001(1.33%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 7.4¢ | $152.1K | 2.044M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222565 | 7.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.5¢ | 176934 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ASN (ASX) Chart |