Weekly chart for AKE................aka ORE...................aka GXY
Current Elliott Wave count is MAIN WAVE 3 UP, after completing a full set of 5 waves plus ABC correction according to the template below, this current wave up is usually the longest and most powerful and should eclipse the high of wave 1 up multiple times over time.
Current wave count on the daily for main wave 3 up, according to my chart, we could be watching ABC, sub wave 4 down playing out, with good support around 800 or worst case 700.
So concluding , AKE is sub wave 4 down, main wave 3 up.
Considering the DOW is back in serenity land, this ETF may decide where SP lands before sub wave 5 up develops
Are we witnessing ABC wave 4 down still or is wave 5 up ready to rock and break the ATH of 97 ?
I am switching my super from CBUS to SMF.................AKE will be one of the first stocks to be included.
As much as i hate my GXY consumed, this is a formula one vehicle in the lithium space.
So you might see me pop in from time to time.
Everything is my opinion only
DYOR
AKE Price at posting:
$8.77 Sentiment: None Disclosure: Not Held
