I have been doing a little study on ABC corrective patterns inside 5 wave long term moves .As you can see by my suspect drawings wave 1 in this long term uptrend completed in late January. There has been a classic ABC corrective pattern formed in wave 2,if this ABC type pattern has in fact completed then we should have already started wave 3 which is by far the most dynamic wave up in these 5 wave patterns .Some professional traders only look for these ABC type corrective patterns to when trading , the setup on the chart above looks near perfect to me.The way things are looking fundamentally to me ASN is looking very positive to me.
I have been doing a little study on ABC corrective patterns...
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Last
12.5¢ |
Change
0.015(13.6%) |
Mkt cap ! $161.0M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.3¢ | $234.9K | 1.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 286458 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 938553 | 11 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.015 ( 13.6 %) |
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| Open | High | Low | Volume | ||
| 11.3¢ | 12.5¢ | 11.0¢ | 1221669 | ||
| Last updated 15.53pm 03/05/2024 ? | |||||
| ASN (ASX) Chart |