See today's low($1.125/61.8% retrace) held up the selling but is that just momentary. @FlashPoint , sort of agree with your EWC(so far) but am aware it does break some rules so atm I'm keeping an open mind as far as its present trading action. However, I also note that today's close also meant we are still above the initial wave(out of the 87.5L) high, so that's positive. So, yes, today's low may have been the end of a correction(or part there of) of our 87.5L to 1.555H leg ... what ever that leg is in EWTerms. Most S/T non-lagging oscillators are saying this also.
Note, my 'potential' Bottoming Pattern I have shown is similar to your implied one with a slight adjustment to the neckline ... doesn't mean much until either neckline is broken(and with conviction ... vols), right!
See today's low($1.125/61.8% retrace) held up the selling but is...
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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
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.41 |
Change
0.025 ( 0.24 %) |
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| Open | High | Low | Volume | ||
| $1.40 | $1.42 | $1.38 | 2394503 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| LTR (ASX) Chart |