Thats the problem I have with my wavecount and is the only thing I don't like about it.
If we have completed a Supercycle Degree Wave 2 (Wave 1 high to Wave 2 low took about 6 years), then Supercycle Wave 3 MUST exceed the Supercycle Wave 1 high by such a margin that there's room for Wave 4 to then correct and still remain above Wave 1's top of $150 (or whatever it was). This is an inviolate law of Elliott Wave Theory.
Of course we're talking about 2025 and a larger degree correction will need to still unfold twice for the lesser degree Wave 2 and Wave 4 before we reach the completion of Supercycle Wave 3, but as ridiculous as it sounds we seem to be on an inexorable rise to put oil well over $150 in the mid 2020s.
As I say, I dont like that possibility but the implication remains.
- Forums
- ASX - By Stock
- BPT
- Bring on the 20th of August!
Bring on the 20th of August!, page-48
-
-
- There are more pages in this discussion • 195 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BPT (ASX) to my watchlist
|
|||||
Last
$1.48 |
Change
-0.018(1.17%) |
Mkt cap ! $3.376B |
Open | High | Low | Value | Volume |
$1.50 | $1.50 | $1.48 | $2.420M | 1.627M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 378410 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.49 | 42667 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 353734 | 1.480 |
18 | 117502 | 1.475 |
35 | 459872 | 1.470 |
15 | 471623 | 1.465 |
11 | 126844 | 1.460 |
Price($) | Vol. | No. |
---|---|---|
1.485 | 68214 | 30 |
1.490 | 157422 | 29 |
1.495 | 161921 | 20 |
1.500 | 292891 | 17 |
1.505 | 441376 | 15 |
Last trade - 12.17pm 10/07/2024 (20 minute delay) ? |
Featured News
BPT (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online