No mate I use Elliot Wave to count the waves so it is planned.
The prevailing trend is down in five waves and the bounce from $5.60 is in three waves.ABC
The C wave is always five sub divisions and has a Fibonacci relationship to the A Wave.
Two weeks ago I posted it needed to get to $7 to accommodate the next wave down, so I was on alert and counted the waves with the last move up being a fifth wave.
The volume was subsiding in the fifth wave and the ATR was rapidly declining indicating a diminishing buying interest .
Its impossible to call the exact top but I knew it was very close.
The Trump news had not broken as it went slightly higher 7.04 before the sell off.
I suspect it will gap lower on Monday morning and fill the gap at $6 and I will count the waves then to see if we complete five down
i don't understand your reliance on the stock respecting the floor price of the Quadpay raise as FLX raised at 1.14 and went down to 96 cents .
Any way the raise after Quadpay was with a floor price of $1.84 so using your logic it is heading there.
Chart - Z1P, page-51
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Last
$1.78 |
Change
-0.035(1.93%) |
Mkt cap ! $2.246B |
Open | High | Low | Value | Volume |
$1.81 | $1.81 | $1.74 | $30.57M | 17.25M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 110725 | $1.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 29116 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 110725 | 1.765 |
6 | 37893 | 1.760 |
6 | 377151 | 1.755 |
11 | 106992 | 1.750 |
11 | 382371 | 1.745 |
Price($) | Vol. | No. |
---|---|---|
1.775 | 29116 | 4 |
1.780 | 62925 | 7 |
1.785 | 14969 | 3 |
1.790 | 170752 | 3 |
1.795 | 114977 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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