LTR 1.55% 95.0¢ liontown resources limited

New TA/Charting, page-14379

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    One of the rules in Elliott wave theory is that wave 4 can never infringe on wave 1. Except in a diagonal. If you come across someone changing this rule to suit what they want to see, head for the hills.

    If the desire to ignore or change a rule occurs then either the wave count is wrong or the overall motive pattern just doesn't exist.

    So here is the correct application of Elliott with LTR. It is at a crossroads to see if a corrective pattern has commenced or there will be one more move up to complete a wave 5 (major). Fudging won't work either way. Probably about time it stopped you know.

    https://hotcopper.com.au/data/attachments/6032/6032564-52f9a0878925a1ca9d97f225c6b4cc98.jpg
 
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