Fib is 'Fibonacci Expansion Point'. The 100% expansion is calculated by measuring the height of the first spike (wave), which in this case went from 1.2c to 18.5c - so a 17.3c increase. Once it has retraced, which it did back to 6.5c, you add the 17.3c to the 6.5c to predict the range of the 2nd impulse (Elliot Wave 3). It's not a perfect science, but I have seen it play out very accurately in a couple of stocks recently. Check out the DRE chart, for example, where it went slightly beyond a 100% expansion before stopping. There are other guys around that know far more about this than me though. My interpretation is probably best described as 'Fib Expansion Lite'....
Fib is 'Fibonacci Expansion Point'. The 100% expansion is...
Add RNU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $266.6M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.0¢ | $1.502M | 13.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 4490332 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 328230 | 7 |
View Market Depth
| Last trade - 16.10pm 18/04/2024 (20 minute delay) ? |
|
|||||
|
Last
10.0¢ |
Change
0.000 ( 9.01 %) |
||||
| Open | High | Low | Volume | ||
| 11.3¢ | 11.3¢ | 10.0¢ | 7879134 | ||
| Last updated 15.58pm 18/04/2024 ? | |||||
| RNU (ASX) Chart |