With Elliot Wave there are two counts a Primary Count and a Secondary Count so you very quickly know if your primary count is wrong and can minimise losses
Another poster suggested Zip would not drop below $5.855 as he was counting that as top of wave 1 and the sell of from $10.60 as a wave 4 which cannot overlap the top of Wave 1.
i pointed out looking at the long term chart the move from $1.00 was a three wave not five wave impulse and therefore the strong probability is that the impulse trend is defined by the sharp sell off from $10.60. and the probability is high that it will therefore return to $1.00 or less.
i counted five waves down to $ 5.67 and we are now in a sharp corrective wave 2 .
Wave 2 typically corrects 61.8 % of the fall but can correct only 23.6% 38.2% or 50%.
Wave three down then follows which is typically the most powerful and often contains large gaps down
If I am correct it will move down in five waves so expect wave three to be a fall of more than $ 5.07
To accommodate that the share price needs to be $7 or above
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Last
$1.31 |
Change
0.055(4.38%) |
Mkt cap ! $1.475B |
Open | High | Low | Value | Volume |
$1.28 | $1.31 | $1.26 | $8.806M | 6.850M |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 1370 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.31 | 194028 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1370 | 1.300 |
1 | 10000 | 1.295 |
8 | 77529 | 1.290 |
2 | 198293 | 1.285 |
5 | 120522 | 1.280 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 194028 | 11 |
1.315 | 269838 | 6 |
1.320 | 183931 | 9 |
1.325 | 177129 | 8 |
1.330 | 157597 | 9 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
$1.30 |
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Change
0.055 ( 3.64 %) |
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Open | High | Low | Volume | ||
$1.28 | $1.31 | $1.26 | 1773143 | ||
Last updated 15.59pm 16/05/2024 ? |
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