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4.8¢ argosy minerals limited

Ann: Positive Assessment of Long-Term Pumping Data at Rincon, page-56

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princey37

3,704 Posts.

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30/01/21

09:53

Post #: 50566400
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Originally posted by W3hunter: ↑

@princey37 the main trick to getting the full wave 3 is to the ride the moving average, it takes a bit of courage and discipline actually, price is near the 2.618% area yes but it hasn't performed like a top there, the top of a wave 1,3, or 5 is and extreme point, price is the farthest away from all moving averages at that point, it also pops outside of the Bollinger bands, this usually happens in a FOMO frenzy and then the sharp pivot retrace forms the back of the wave 4 triangle, no pivot here we`re actually consolidating, we know one of the waves 1,3,5 in an impulse move will be an extended wave (this is an Elliott wave rule) so far it wasn't 1 so it will be 3.or 5. I suspect it`s this 3? because of the way it looks here (or doesn't look here). you would count this more accurately than me but I just don't think this looks like a wave top yet.View attachment 2861755

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Thanks for the info @W3hunter, I like the EMA's, makes life simple in this situation.

Where do you classify the start of wave 3 from? I take it from the wave 2 low, I think that's why my 1.618 and 2.618 fib target levels are different. You appear to start wave 3 off the top of wave 1?

AGY Price at posting: 17.0¢ Sentiment: Hold Disclosure: Held
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Last 4.8¢		Change 0.014(41.2%)		Mkt cap ! $69.88M

Open	High	Low	Value	Volume
3.7¢	5.1¢	3.6¢	$2.325M	53.80M

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No.	Vol.	Price($)
4	708717	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	280000	1

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No.	Vol.	Price($)
3	649043	0.048
3	190000	0.047
5	575273	0.046
5	156385	0.045
3	172040	0.044

Price($)	Vol.	No.
0.050	895500	6
0.051	528549	5
0.052	916537	6
0.053	1312055	4
0.054	715777	6

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