IMUGENE CHART. TA only, page-258

Hey @dappaT nice elliots. I'm not too sure yet as to whether we have completed wave 5. It could be already done like your chart suggests but I need to see it play out a bit more. Need to see if it can go higher to figure out where to put this subdivision wave 4. If it doesn't go higher then my chart will match yours.

Decreasing daily volume and a completed golden section suggests we are near the top of wave 5 but there are some different characteristics about IMU up here, (some of which you have mentioned Dappa), which makes me think it could go a little higher. Lower volume is taking it higher and large selling isn't that evident (maybe just a pro market maker not making it obvious).

The only thing that I would stress is that a corrective wave after 5 waves up is usually pretty brutal. It's hard to identify at the start as news is still generally positive, but signs of the start of one is consecutive high selling volume days. IMU FA is very strong so wouldn't expect it's corrective wave to be too brutal when it comes IMO. All is just a probability.