AGY 5.68% 8.3¢ argosy minerals limited

2023 Charts, page-912

  1. 473 Posts.
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    Haha. I was watching it, I just thought within 1 pip was close enough. Anyway, I've labeled the current correction, which I believe to be a zigzag, on a 10-minute chart here. Looks to be very close to completion if not already IMO.

    The only thing here is that wave A and wave C are usually the same length in a zigzag (or 0.618 or 1.618), and this wave C is only about 84% of wave A. 100% would take the price to 39.5c, which is 1 pip down from the 85.4% fib retracement of wave 1 at 40c.

    On the other hand, the 0.786 fib the price hit this morning (41c) is far more common than the 0.854 for a wave 2.


    10-minute chart
    https://hotcopper.com.au/data/attachments/5362/5362575-f080d3bcd8553f0df4dcb93de46528f0.jpg

 
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