MOngo,
ave 4 retraced from basically $50 and down to $41.40. it has since ran up approx 505 to high of 45.90 approx, it has then retraced to a low of 42.41 approx 75% more then a normal retracement, however when you take in consideration the eoy and option expiry and option assignments it is understanderable.
i have wave 5 going to $50.75 on elliot alone, it could quite easily turn into a ABC corrective wave structure though, all very confusing and needs time to unfold
wave 2 must not retace lower then w1, wave 3 is generally the strongest.
w4 must not retrace more than w4 and wave 5 is the final wave. ass well there can and usually has minor waves in each major wave, have a look on daily, weekly amd monthly charts to see these or even intra day. i use Advanced get with e signal is has auto elliot and some auto gann tools, it does save time but need to understand how they work as you would know.
have a look at the 1.68 rule, everywhere in nature, it does play a part but it you overlay mva shorty and long term they are a great tool for real price action, have a look at sept 11 , 2001 and put on some mva, 10, 20 and say 72 on a daily, you would have been short about a week before the nightmare.
happy to show you more as it is a worthwhile tool to learn, can kept you in a trade, or out of it. like the turtles not alway correct but can make you the cabage you would like for the new GT3
make or break on the h&S over the next few days. it would be nice for io settlement of contracts
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MOngo,ave 4 retraced from basically $50 and down to $41.40. it...
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Last
$41.76 |
Change
-0.900(2.11%) |
Mkt cap ! $211.7B |
Open | High | Low | Value | Volume |
$42.02 | $42.09 | $41.75 | $565.3M | 13.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
176 | 109821 | $41.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.80 | 17792 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
90 | 34406 | 41.750 |
3 | 2216 | 41.740 |
4 | 849 | 41.730 |
4 | 2201 | 41.720 |
9 | 5835 | 41.710 |
Price($) | Vol. | No. |
---|---|---|
41.800 | 167 | 1 |
41.850 | 750 | 1 |
41.870 | 1700 | 1 |
41.920 | 5200 | 1 |
41.930 | 43 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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