I like your Elliot Wave chart @slick! It looks very much in line with what I'm charting and its playing out pretty much how I expected based on Elliot Wave theory.
From my research on the topic, wave-3 is typically the strongest in price and volume with solid conviction from investors, though wave-5 (final advance in an Impulse Wave) can sometimes exceed wave-3 in price, generally with a driving sense of euphoria in market sentiment. It's also worth monitoring the price channel over the entire Impulse Wave to help determine when the down waves (2 & 4) and subsequent corrective waves (A-B-C) might commence post wave-5.
I like your Elliot Wave chart @slick! It looks very much in line...
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Last
5.6¢ |
Change
0.001(1.82%) |
Mkt cap ! $402.5M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.5¢ | $492.9K | 8.911M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 1975226 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.6¢ | 3022667 | 18 |
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| Last trade - 13.11pm 25/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |