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
$1.34 |
Change
0.005(0.37%) |
Mkt cap ! $1.506B |
Open | High | Low | Value | Volume |
$1.39 | $1.40 | $1.34 | $14.31M | 10.48M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 175082 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.34 | 2348 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 74516 | 1.335 |
5 | 95255 | 1.330 |
1 | 15000 | 1.325 |
5 | 147994 | 1.320 |
1 | 7604 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.340 | 2348 | 1 |
1.345 | 10447 | 2 |
1.350 | 41000 | 3 |
1.355 | 45000 | 2 |
1.360 | 35503 | 4 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.34 |
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Change
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Open | High | Low | Volume | ||
$1.36 | $1.40 | $1.34 | 2941807 | ||
Last updated 15.59pm 10/05/2024 ? |
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