WaveTrack International

Elliott Wave Financial Price Forecasting

Lonmin PLC confirms a reversal signature

by m.tamosauskas| October 18, 2015 | No Comments

151017_LOnmin

Over a month ago, Lonmin PLC has started to surprise most of market participants with a sharp advance from the 14.50 low (see the previous forecast here). This upswing has extended up to 46.50 level, producing a stunning +220% price increase in a very short period of time. Moreover, this advance unfolded into a five wave expanding-impulse pattern, labelled i.-ii.-iii.-iv.-v. in minor degree with almost a perfect fib-price-ratio measurement – extending the net advance of waves i. to iv. by a fib. 61.8% ratio to project upside objectives for wave v. This confirms our reversal signature to the upside, suggesting much more will come in the months/years ahead!

Category: Commodities, Elliott Wave, Elliott Wave Charts, Elliott Wave Patterns, fib-price-ratio, Gold Mining, Lonmin, Palladium, Platinum, Precious Metals

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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