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.
Interesting! I spent a day last week learning Elliot Wave...
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Last
$3.58 |
Change
0.120(3.47%) |
Mkt cap ! $6.871B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.60 | $3.56 | $8.734M | 2.441M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 36642 | $3.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 123343 | 31 |
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| Last trade - 11.03am 04/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |