I should also point out that while I follow Elliott Waves, I think that Wave 4s intersect Wave 2 areas in some cases. It's the only way to explain some chart patterns that occur on the market such as a head and shoulders pattern.
We can see it occurring here in the first phase of ASN:
ASN Chart, page-8659
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Last
9.7¢ |
Change
-0.003(3.00%) |
Mkt cap ! $125.3M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $219.2K | 2.235M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 359456 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 163581 | 3 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| ASN (ASX) Chart |