My method seems to work best in 1 minute charts as the 2 minute doesn't show the detail to get the intraday EW wave patterns, but on a big move I will switch between 1, 2 and 5 minute charts for confirmation. I'm expecting this movement to be only a small one - just the wedge (which it basically has been so far) so I'll work with just the 1 minute and 50-75% of the trading stock. Also from the chart patterns I am already set up with the orders priced and waiting to fire, so if the condition is triggered I send them instantly. As you can see this one was pretty close and 2 orders were sent for the sell and one has triggered on the buy so far. I also don't sit at the bottom of the re-entry target but a bit above - so here I expected 508 so I set the re-entry for 511 and 509. My 509 was just missed, so I have lifted that a bit.
My method seems to work best in 1 minute charts as the 2 minute...
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Last
$2.85 |
Change
-0.030(1.04%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.87 | $2.78 | $46.76M | 16.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2708 | $2.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 123365 | 7 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| PLS (ASX) Chart |