FML 5.13% 18.5¢ focus minerals ltd

guesswork, page-25

  1. 6,118 Posts.
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    save you the bother of searching

    this is my EW interpretation
    I'm calling 1980 major wave 1 (at least since the seperation of gold to USD.

    it's a bit confusing to look at as I've put in 4 sets of fib lines with the top & total being guetimates that just seem to fit nicely with the sup/res areas. the circle fib is also applied in the same manner.

    I put us as within intermediate wave 4 (which I had though migh have been complete, but now thinking maybe not) of major 3.
    wave 3 is 1.618 times wave 1 & a correcive to 38.2 of wave 3 would give us a nice bit of space to get wave equality in waves 1 & 5 with a wave extension already done in wave 3.

    I realise that intermediate 4 could alternate with 2 & be a large corrective not lower than 1040 at the 76.8 of int wave 3 retrace also a double fib with the 61.8 of the guestimated major 3.

    wave 2 is ABC corrective, wave 4 ABCDE? not yet occurred.

    wave 5 target also fits theory of wave 3 + length of wave 2

    I like the 38.2 as it's a double fib of the major wave at 38.2 & would also give major 4 retrace relative length to major 2 circa 600 points, i expect this wave to be sharp in alternation to the 80's peak retrace



    If you ever needed proof that i'm mad...well you got it now :)

    PS dont take this as something to trade on, it's just a theoretical interpretation.
 
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