Elliott Wave Principle 3-5 Hi,
I talked to the Integra representatives a few days ago and they are confident to release their updated resource estimate within Q1 as planned. No doubt that this will be a Huge milestone for the company and we all hope it will drive it's price range over 0.50$ with a new baseline at 0,40$. In my opinion, for once, we might have one of the clearest buying technicals ever recorded on that title amd I urge people who are still wondering when to jump in the moving train to do it now. There won't be a better time than now. Yes, the title might lose 1-2 cents but with those penny stocks, it is not about entering as low as possible but making sure to not miss the train! Look at the graphic and feel free to comments! :)
I refer to you The Elliott Wave Principle:
From Investpedia.com:
Theory Interpretation
The Elliott Wave Theory is interpreted as follows:
- Every action is followed by a reaction.
- Five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move).
- A 5-3 move completes a cycle.
- This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
- The underlying 5-3 pattern remains constant, though the time span of each may vary.
Let's have a look at the following chart made up of eight waves (five up and three down) labeled 1, 2, 3, 4, 5, A, B and C.