I have had a couple of false starts with this Company, but I still think I'm on the right track. One thing Elliott wave is not good at is timing, although I find the targets usually eventually get hit. Bear in mind this is a medium term target so traders beware. Liquidity is medium/low and not a happy place for day traders! Good luck and enjoy the ride!
SW1: Further drill down of Wave 2 (corrective wave) has positively identified a double zigzag (5-3-5) with an intermediate A-B-C wave. Not only has it reached the 76% retracement we are seeing positive divergence from both Stochastics and RSI. I believe wave 2 corrective has now completed, and wave 3 has started. Wave 3 usually the largest wave of a typical 5 wave...
SW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1. We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually...
SW1 has spent a full year correcting a 5 wave upward move (larger wave 1) from 14c to 60c with a typical A-B-C Corrective pattern subdivided into a basic 5-3-5 move. Furthermore, the corrective larger wave 2 has retraced 76% of larger wave 1. We are now poised to start larger wave 3. Wave 3 typically is the largest move in a normal 5 wave sequence and usually...
SW1 Swift Network Group prices seem to be moving into the apex of the simultaneous triangle. I am expecting a breakout to the upside. The correction at EW2 hits the golden pocket nicely at 0.65. I believe we are going into EW3.
SW1.AX has completed its ABC consolidation. The 3rd big wave has begun from a low of 31c, and an expected target of between 1.61 and 2.61x the length of big wave one (18-60c) and which measured 42c. Therefore wave 3 target is expected to reach a minimum of 98c and a maximum of $1.42. RSI is showing signs of bullish divergence and the share price has retraced...
Pennant has formed on SW1 and volume dropping off. Look for volume to pick up substantially and the price to breakout above 46c 58c target