XPE Charts, page-5414

Great post Portsmouth. Haha you're a funny one.

I've only been recently researching Elliott wave, but have been doing so in detail. You may be right about the wave 5 potentially not occurring.

The timeframe should not matter though. Elliott wave happens across a number of different time frames, minutes, hours, days etc... It is also fractal, each wave consists of a smaller set of Elliot waves. Therefore its a possibility.

I've just realised I drew the retrace incorrectly though. I drew it from the whole uptrend (waves 1 to 3), but it should just be from wave 3. That means we're a bit over 50% retrace so the chart is not looking as spick as before.

If the share price closed at 6.9c naturally (without algo interference), then the chart pattern would have been an a-b-c corrective pattern with a flat at the bottom. The perfect setup before a new leg up.
It now looks more like a zig zag correction pattern, which means that the share price could go to a low of 6.6c like others have mentioned, before it continues up.