Lets have a look at what price action is telling us so far. keeping in mind that an Elliott wave impulse
(5 wave rise) usually comes off a complete and confirmed bottom (ie "double bottom")
1 double bottom at 003c (with bullish divergence on some indicators) ..tick
2 a good vol push on the wave 1 took price above resistance at 006c...tick
3 the retrace on light vol found new support at the old resistance area. 006c...tick
4 new and even larger vol came in at support and carried price above the last high at 009c. again
(typical of a wave 3)...tick
in summary old resistance becoming new support , price expanding, vol expanding,..only one way to go imo.
typical wave 3 target 1.618% is around 02c.
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Lets have a look at what price action is telling us so far....
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
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No. | Vol. | Price($) |
---|---|---|
29 | 17681814 | 0.006 |
9 | 3978833 | 0.005 |
8 | 3480013 | 0.004 |
4 | 4280000 | 0.003 |
6 | 1640001 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 3378234 | 4 |
0.008 | 8103068 | 7 |
0.009 | 1450965 | 4 |
0.010 | 5709325 | 16 |
0.011 | 4327818 | 6 |
Last trade - 10.08am 19/07/2024 (20 minute delay) ? |
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