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.
One of the rules in Elliott wave theory is that wave 4 can never...
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Last
$1.23 |
Change
0.000(0.00%) |
Mkt cap ! $2.970B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.20 | $6.000M | 4.926M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 25711 | 4 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$1.22 |
Change
0.000 ( 0.91 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.24 | $1.20 | 1572354 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| LTR (ASX) Chart |