This is looking more like a nested wave1 the more I look at it. Can not find a bearish structure on this at all (also could be dangerous if you know what I mean).
Nested wave1 also known as wave1 extensions, see below. We completed the wave1 in purple then had a deep wave2 red back. The only issue I see is the red wave2 back was very deep.
We need to break that blue channel line and rest above it to add confidence in the call.
MK
#DYOR
PBH Charts, page-12
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Last
46.5¢ |
Change
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Mkt cap ! $152.8M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.5¢ | 46.5¢ | $188.6K | 403.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 173825 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 271280 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PBH (ASX) Chart |