Thanks for the chart. I see a different wave config based on "Robert Miner's Elliot method" that I think it correlates well with the fundamental of ASN being in Funding phase of the project lifecycle according to the Wyckoff funda-technical method. Chart below is the structure of W1 (1-2-3-4-5) and W2 (A-B-C) cycle.
According to RM's method, wave 1 correction occurs between the main levels (0.618 or 0.786) of Fib retracement and level (1) of fib extension. Area highlighted in the figure below.
Also, wave 2 is detailed below: A (1-2-3-4-5), B(A-B-C) and C (1-2-3-4-5extended).
Confirmation with Wyckoff : Can you see any resemblance between the 2 figures below?
My take is the chart is at the bottom of bigger wave 2 and the beginning of bigger wave 3 soon to begin. Note how the market beautifuuly respected 0.618 level (18.5c)?P.N: I have moved on from Elliot method for obvious reasons. Still use Fib levels to confirm S/R levels.
Thanks for the chart. I see a different wave config based on...
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10.5¢ |
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Mkt cap ! $135.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $231.0K | 2.240M |
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| No. | Vol. | Price($) |
|---|---|---|
| 17 | 814187 | 10.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 88964 | 1 |
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| Last trade - 14.49pm 27/06/2024 (20 minute delay) ? |
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