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30/06/18
14:54
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Originally posted by aiblaz
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Nice! I noticed this too.
I also noticed the most recent three waves, each getting smaller and smaller.
A basic 5 wave impulse sequence (counting from the decline of April 30s 88.5c high after it bottomed 60.5c April 13) with (hopefully) a 3 wave corrective sequence and thus forming a complete Elliott Wave sequence and a bullish reversal trend.
I feel todays low was the end of the impulse phase and Monday may open (with hopefully a good announcement) and the corrective phase commences and we start to get some steam.
Thumbs up if you agree
Regardless what happens, only two options for me. I buy more for a bargain or the profit start growing. Either way Im wrapped for this opportunity.
GLA DYOR
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Honest question, but how sensitive are the results of your Elliot wave analysis to your parameter assumptions? ie assumed starting points and wave lengths etc.