hi all.
chart 1, weekly.
the chart below is ths same chart i posted sometime ago, i have not updated the chart because i feel the EW count is still correct at this time and i feel we are still looking for the bottom of wave A in this corrective pattern. the style looks to be sharp.
![]()
chart 2, daily.
this daily chart is one smaller degree to the weekly, so now i can try to count the EW waves within the daily and try to work out when the A wave on the weekly could end.
as you can see there is now a bullish divergence forming in the macd, that tells me this could the last wave in this count. i feel the 1-5 count is correct. the pattern of this possible 5th wave looks to be a ending diagonal.
the 5th wave of an ending diagonal often ends in a throw-over(a brief break in my lower trend line). short players will have to trade with tight stops because if this is a ending diagonal we could see a strong upward thrust after the diagonal is finished.
just my 2c worth DYOR.
have a good one
582
- Forums
- ASX - By Stock
- share price
hi all.chart 1, weekly.the chart below is ths same chart i...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BHP (ASX) to my watchlist
|
|||||
Last
$41.02 |
Change
-0.240(0.58%) |
Mkt cap ! $208.0B |
Open | High | Low | Value | Volume |
$41.02 | $41.28 | $40.88 | $296.1M | 7.214M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1453 | $41.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.03 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1453 | 41.010 |
3 | 961 | 41.000 |
3 | 1174 | 40.980 |
1 | 610 | 40.970 |
5 | 10620 | 40.960 |
Price($) | Vol. | No. |
---|---|---|
41.080 | 43630 | 2 |
41.100 | 2733 | 2 |
41.110 | 11795 | 3 |
41.130 | 564 | 2 |
41.140 | 7143 | 2 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |