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
$1.45 |
Change
0.135(10.3%) |
Mkt cap ! $1.633B |
Open | High | Low | Value | Volume |
$1.33 | $1.46 | $1.30 | $29.57M | 21.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11630 | $1.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.46 | 92904 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12560 | 1.440 |
3 | 23060 | 1.435 |
7 | 31753 | 1.430 |
1 | 12060 | 1.425 |
2 | 26140 | 1.420 |
Price($) | Vol. | No. |
---|---|---|
1.455 | 10058 | 1 |
1.460 | 88183 | 10 |
1.465 | 40938 | 4 |
1.470 | 63925 | 8 |
1.475 | 39994 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.45 |
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Change
0.135 ( 9.52 %) |
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Open | High | Low | Volume | ||
$1.32 | $1.46 | $1.30 | 6943845 | ||
Last updated 15.59pm 14/06/2024 ? |
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