I've been having a good look at this LIT ETF chart and what was going on here below the fib with the up down up down and basically it is two wave one and twos, called a 1-2/1-2. It means wave 3 is extending. Basically, the price is now in wave 3 of 3 of 3, 3.3.3 This is a very good thing for. We know from the past that rises in this ETF generally mean rises in ASX lithium companies.
Once finished, this move could look something like this below.
AGY hit the 85.4% fib retracement of at 40c today, which brought the price to within 1 pip of wA = wC. Divergences still on all intraday charts. Not going to call the bottom again.....
AGY Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
