Hi flashpoint, normally I would do most of the wave counts on hourly chart and if I can't see the waves structure on the hourly then I would scroll down to 5min 1mins etc cos sometimes the waves structures get scrunched up in the hourly and it's hard to see.
The issue with elliot wave these days is that all the rules are now loosely followed probably due to liquidity and algorithm trading. Especially in a bear market like this you would need to look for support naturally on the daily time frame which those supports coincide with wave 2 and 4 in elliot terms.
back to Ltr we do need to take out 1405 to confirm this is not a 5 waves down stucture.
New TA/Charting, page-11877
-
- There are more pages in this discussion • 3,550 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
88.0¢ |
Change
0.140(18.9%) |
Mkt cap ! $2.134B | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 89.5¢ | 77.5¢ | $33.01M | 39.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 43866 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.5¢ | 64648 | 5 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LTR (ASX) Chart |