AIS 7.50% 18.5¢ aeris resources limited

AIS - EW Chart, page-1946

  1. 180 Posts.
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    I have two viable short-term counts on AIS; a bullish 5 wave impulsive count VS a bearish corrective WXY count off the 0.41 low.

    The potential 5 wave impulsive count is not as clean as I would prefer to see in an impulsive move, but is still viable. I'm very interested to see how price reacts to the 0.618 Fib level at 0.46.

    I had been favoring the WXY count since the perfect 100% ABC thrust from a triangle in Wave Y, but the decline from 0.545 has not been as impulsive as I would expect to see, well not yet anyway. Price getting down to the 0.445 level my confirm it though.

    I really need the wave count of this decline from 0.545 to develop more before I can really make a call on either bull or bear.

    https://hotcopper.com.au/data/attachments/5376/5376867-0569b85dec4f4d312fd775bac43afbc7.jpg
    https://hotcopper.com.au/data/attachments/5376/5376868-5a64f4c1c7a5565f6be79ea147a352d7.jpg





 
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