Hi mate, also using Elliot wave theory here but I feel your RR1 count which has the wave 2 correction taking 8 months and the wave 4 correction taking only 1 probably favours a different count. Seems pretty unlikely they would be the same degree IMO. Your wave 4 also dropped into the wave 1 area multiple times including a daily close.
I'm looking at this as possibly two or three wave 1 and wave 2's. This is what I'm hoping we are seeing but it's on the verge of being invalidated. I have an alternative count which is a bit less exciting. There are quite a few possible wave counts here at the moment so it's important to keep watching closely and ruling them out as the data keeps coming in.
I don't like how it's also dropped through both 62% fibs but I bought back in at 1.2c for the impending results.
Chart, page-183
Add RR1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.49M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $20.02K | 1.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1994418 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 800000 | 3 |
View Market Depth
| Last trade - 15.54pm 13/11/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |