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.
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1.8¢ |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 900138 | 1.7¢ |
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Price($) | Vol. | No. |
---|---|---|
1.9¢ | 1509236 | 5 |
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No. | Vol. | Price($) |
---|---|---|
8 | 900138 | 0.017 |
4 | 650833 | 0.016 |
5 | 1049999 | 0.015 |
2 | 424355 | 0.014 |
2 | 3057692 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 709236 | 4 |
0.020 | 338823 | 3 |
0.021 | 1248000 | 4 |
0.022 | 2656667 | 5 |
0.023 | 711791 | 5 |
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