LTR 1.22% $1.24 liontown resources limited

Who says one can't combine Wyckoff and Elliott Theories in one...

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    Who says one can't combine Wyckoff and Elliott Theories in one chart? After all both have been talking about a wave like market behaviour when developing their respective theories. I guess some of you have realised that that is what I'm doing from time to time. In the following chart I have again been doing just that.
    To start of with there was the BC - Buying Climax, which led to the $1.995 high as well as the high in the wave count (wave v and 3). This was followed by AR - Automatic Reaction and/or wave A down. This then was followed by ST - Secondary Test and/or wave B up. the following wave C down in this case also led to what looks currently to me like a possible Spring, which if this is correct could lead to the next Impulse Wave up, naturally including all the Wyckoffian tests, SOS, test, JAC, BUEC etc etc before SP is working its way out of the TR to a new ATH.
    https://hotcopper.com.au/data/attachments/3867/3867167-3d2c02c6d3a143b7eacaf88869d0905c.jpg
    ... and then people ask me why I feel so comfortable within my TA work? However I guess it comes down to what I have in my signature, The point of forecasting isn't to tick the boxes on the ‘how to make forecasts’ checklist. It is to foresee what's coming.

 
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