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Rock57

7,193 Posts.

236

15/03/24

12:00

Post #: 72903043
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Originally posted by Cabbie: ↑

One of the rules in Elliott wave theory is that wave 4 can never infringe on wave 1. Except in a diagonal. If you come across someone changing this rule to suit what they want to see, head for the hills.

If the desire to ignore or change a rule occurs then either the wave count is wrong or the overall motive pattern just doesn't exist.

So here is the correct application of Elliott with LTR. It is at a crossroads to see if a corrective pattern has commenced or there will be one more move up to complete a wave 5 (major). Fudging won't work either way. Probably about time it stopped you know.

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Surely you can bend the rules when you want to maintain the narrative!!

LTR Price at posting: $1.26 Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $1.19		Change -0.020(1.65%)		Mkt cap ! $2.891B

Open	High	Low	Value	Volume
$1.23	$1.24	$1.17	$6.894M	5.726M

Buyers (Bids)

No.	Vol.	Price($)
15	55629	$1.19

Sellers (Offers)

Price($)	Vol.	No.
$1.19	93963	26

View Market Depth

No.	Vol.	Price($)
9	52078	1.185
16	100904	1.180
24	106487	1.175
26	181856	1.170
15	559469	1.165

Price($)	Vol.	No.
1.190	118526	28
1.195	92136	14
1.200	90038	11
1.205	66094	8
1.210	76044	5

Last trade - 11.43am 06/06/2024 (20 minute delay)


Last $1.19			Change -0.020 ( 3.08 %)
Open	High		Low	Volume
$1.23	$1.24		$1.18	1344703
Last updated 12.03pm 06/06/2024 ?

LTR (ASX) Chart

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