We appear to be in an expanded flat correction.
Not only does the wave count itself look like an expanded flat, but we can use a common ratio associated with an expanded flat to increase the probability that this structure is valid. Wave B, which completed with a Close at 1.925 is typically 1.382 times the length of Wave A.
Wave A is 26.7c. Therefore the Wave B target is 1.382 x 0.267 = 0.3689
1.547 (Wave A low) + 0.3689 = 1.915 (so, pretty close to the close)
In an expanded flat correction we can use some Fib guidlines to help approximates the end of Wave C
The entire ABC structure is often 0.618 x the length of the 5 wave impulse up.
That price range is 0.626. Therefore our Wave C target for this ratio becomes 1.538
Another ratio is taking the 1.618 times the length of Wave A (43c) which gives us a target of 1.527 for the completion of Wave C
BPT Chart, page-108
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Last
$1.27 |
Change
0.015(1.20%) |
Mkt cap ! $2.897B |
Open | High | Low | Value | Volume |
$1.29 | $1.30 | $1.26 | $9.725M | 7.622M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 135823 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 50000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 61857 | 1.270 |
6 | 21703 | 1.265 |
11 | 76040 | 1.260 |
7 | 56695 | 1.255 |
3 | 37681 | 1.250 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 20000 | 1 |
1.280 | 77180 | 5 |
1.285 | 3256 | 1 |
1.290 | 43177 | 2 |
1.295 | 67681 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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