Preferred count in color, alternative count in grey.
A solid daily close above the B-D line (trendline breakout) with increased trading volume would send a very bullish signal.
expecting wave (5) will push the share price to all time high
Expecting the 5th wave will push share price to all time high. Note wave (3) equals approx. 1.618 times the length of wave (1) wave (4) retraced approx. 50% of wave (3)
It looks like a triangle correction has been forming since stock price peaked at 3.90 in July this year.
the recent decline seems corrective, maybe a bullish triangle correction is in the making
preferred count in blue & red, alternative count in grey
The Australian stock market (AXJO) is currently rising after a strong pull back that took place in July. This rejection happened because the market reached its All Time Highs of October 2007. Despite the rather strong selling manner in which it was conducted, we believe that this sell sequence is not over yet and a stronger correction is needed. The reason for...
Expecting wave (5) would carry the share price to a new high
SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 - 3 weeks Actions on - A – Activating Event Market will find support in zone @ Current Levels - .... and move to the 0.040 . In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @...
The ASX Ltd is on a very strong bullish monthly streak having gained over +25% in 2019 alone. It appears to be trading inside a 20 year Channel Up that displays all phases of a Bubble (aggressive rise, blow-off, consolidation) from Higher Low to Higher. Currently it is near the end of the bullish leg towards a new Higher High (peak) which is projected within...
Not much evidence to suggest we can break above these ranges. Could be trading within them for several months.