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BPT Chart, page-109

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CEOChair

27,423 Posts.

4707

22/07/18

12:02

Post #: 34502877
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Originally posted by juniormint ↑

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

View attachment 1206141

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Maybe if the QR is a shocker, otherwise $1.93’s getting a test out. Bullish candle on Friday backing up the Harami Cross...

Last edited by CEOChair: 22/07/18

BPT Price at posting: $1.80 Sentiment: Buy Disclosure: Held
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(20min delay)
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)

BPT (ASX) Chart