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Surely you can bend the rules when you want to maintain the...

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Rock57

7,192 Posts.

235

15/03/24

12:00

Post #: 72903043
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Originally posted by Cabbie: ↑

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.

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Surely you can bend the rules when you want to maintain the narrative!!

LTR Price at posting: $1.26 Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.43		Change 0.025(1.79%)		Mkt cap ! $3.454B

Open	High	Low	Value	Volume
$1.40	$1.43	$1.38	$15.16M	10.75M

Buyers (Bids)

No.	Vol.	Price($)
2	89338	$1.41

Sellers (Offers)

Price($)	Vol.	No.
$1.43	99382	10

View Market Depth

No.	Vol.	Price($)
2	89338	1.405
3	6291	1.400
3	33377	1.395
6	194545	1.390
4	86179	1.385

Price($)	Vol.	No.
1.430	99382	10
1.435	136711	7
1.440	48368	7
1.445	18575	4
1.450	334550	19

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last $1.41			Change 0.025 ( 0.24 %)
Open	High		Low	Volume
$1.40	$1.42		$1.38	2394503
Last updated 15.59pm 16/05/2024 ?

LTR (ASX) Chart