The Elliott Wave target zone for this Wave 4 retrace by my calculations posted a few days ago was lower end 31.5c - we hit 30.5c yesterday and it closed at 31.5c. If all is to be well with AIM, i don't believe we go any lower than yesterdays low on this W4 retrace, and I'd be looking for AIM to start its engines again sometime soon and commence Wave 5 into new highs - as a general rule this recent wind down has been a bit quick (not that thats a real problem) , so it could mean a little more sideways (ish) action or a 30.5c retest is still in the wings before we move up again - anyway, 30.5c to hold here in my view based on the theory and the associated maths - its been a nice healthy low volume retrace . Always happy to wear egg on my face if I'm wrong, and thats always a distinct possibility when you're commenting without Harry Hindsight to back you up !! As always , I'll feel more confident when I see todays close.
cheers ECN.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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