Time Analysis - Elliott Wave combination

SWAN ENERGY LTD is in impulse now.

In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting.

The detailed counting of this Flat Correction can be seen in the chart above.

The 0-B trendline is broken in half time of wave C time.
(We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars)

According to the rule, the Flat Correction is over and the price is in impulse now.

The price will go to 127% for sure here, which gives us a price level of 875.45.

This analysis is based on Elliott Wave theory and Fibonacci with time analysis.

This analysis is for educational purposes only.