BHP 1.26% $41.54 bhp group limited

elliot wave analysis bhp daily, page-2

  1. 2,240 Posts.
    Thats what Im getting too wxyz,

    3 things can happen here the 5th wave can play out according to typical 5 wave patterns with a bottom down below this current 4th wave (below $20.)

    or the 5th wave can run out of steam,(above $20) causing a double bottom scenario.(this is a 5th wave failure)

    or the current wave 4 can morph into a new wave 1 impulse(least likeley scenario) as the current resistance around $32 is well below %50 of the overall 5 wave structure



 
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