AIS 2.33% 22.0¢ aeris resources limited

AIS - EW Chart, page-1771

  1. 180 Posts.
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    Good to see your post Bullish Boy, keep it up smile.png

    Expecting a decline to start soon given:

    - Gap closed at 0.685 (as called by tully7)
    - The 0.618 fib retracement level from 0.785 - 0.51 has been achieved at 0.68
    - The potential 5 wave impulsive count up from 0.51 is looking very mature
    - Loss/Waning RSI and Momentum in wave 5

    So things look ripe for a short term top, the only argument for higher highs is Volume has picked up in Wave 5 which could indicate a 5th wave extension. A break of the green price channel could be an indication that a top is in.

    https://hotcopper.com.au/data/attachments/5170/5170285-fc48a27d9f10c66eadbfb56b9778e3db.jpg




 
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