PEN 5.00% 10.5¢ peninsula energy limited

Gday guys,All feedback was greatly appreciated.Please note I...

  1. 561 Posts.
    Gday guys,

    All feedback was greatly appreciated.

    Please note I have little experience using EWT, and I actually trust that support at 0.125 more than my c projection. I was under the impression that EW had to zig zag. I thought there was a rule where the c wave must extend below the a wave. Goes to show my inexperience on the matter. If flat abc patterns are possible I would be inclined to call a 0.125 c wave. Still, if c is meant to be a repeat of a, that would put it closer to my channel target around 0.115.

    As for MA's, I use the 41 and the 195, as the great Robbbbbbb does. 41 currently at 0.1165.

    Still, all very minor in comparison with what will happen when this consolidation is finished. Just felt the thread needed a new chart thread, cos frankly I find the fundamental chat (although an EXTREMELY useful resource for others) to be pretty dull.
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