Happy New Year all.
@extendedleave
In regards to wave 3, the rule is that it cannot be the shortest.
Also my chart is a little bit deceiving, it’s a screen shot on a I Mac screen and it tends to stretch things in trading view.
Wave 1 is $1.78 to $2.67 - 89c
Wave 3 original is $2.30 - $3.19 - 89c
Updated to $3.40 takes it to the 1.236 fib - $1.10 increase.
As we have already hit $3.30 wave 3 has surpassed wave 1 for height (my understanding is length is price not days, but happy to be corrected) so wave 5 can be any length as wave 3 has ticked the rule.
Will definitely take a look at your strategy as entry price is the key for the trading parcels.
As for those talking about a retrace, well if we were to start one from the $3.30 I would say based on back testing PLS historical retraces, .382 fib would be the most likely and usually overshoots a little so around $2.92 possible.
There is the obvious gap at $2.98
GLTAH
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Last
$3.05 |
Change
-0.100(3.17%) |
Mkt cap ! $9.185B |
Open | High | Low | Value | Volume |
$3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 89482 | $3.04 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.05 | 37502 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 89482 | 3.040 |
6 | 31294 | 3.030 |
20 | 208232 | 3.020 |
16 | 406489 | 3.010 |
68 | 314428 | 3.000 |
Price($) | Vol. | No. |
---|---|---|
3.050 | 21000 | 2 |
3.060 | 10330 | 1 |
3.070 | 79133 | 7 |
3.080 | 148351 | 10 |
3.090 | 60000 | 4 |
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