Interesting! I spent a day last week learning Elliot Wave Theory, still a noob lol.
From Section 5 in this: https://elliottwave-forecast.com/elliott-wave-theory/ it looks like on Higher timeframes than Daily we are in a complex corrective wave that is a combination of multiple corrective waves.
Here is one Daily chart I have drawn after 1 day of learning Elliot wave - what are your thoughts? Likely incorrect due to noobness fyi. Not sure what actual wave we are in - my main takeaway is the ABC or even the 23ABC could be a corrective wave.
EVN chart, page-901
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 (20min delay)
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Last
$3.62 |
Change
0.160(4.62%) |
Mkt cap ! $7.159B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.64 | $3.56 | $28.62M | 7.952M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 176729 | $3.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.62 | 10535 | 6 |
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| Last trade - 14.53pm 04/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |