Hi everyone
FMG has been in a minute degree correction since 7-8th Jan, it played out as a running flat (?). Seen a few of these across various charts and they're supposed to be rare lol.
Anyway, all the necessary internal waves seem to have played out which given the high degree .618 point of 18.82 leads me to believe this micro fifth will truncate, and begin...
So the sideways action that Z1P was stuck in from June to December after that gap up does seem to be a valid combo wave.
Based on the price action since I'd say it's most likely ended.
Projecting a fib ratio of wave (1) from (2) and taking the 1.618 ratio gives us a price target of $14.70.
Not financial advice, DYOR.
I believe HUM has finished a combo correction following it's post-rona rise.
It is in the middle of a minute 1 and minuette 2, perfect conditions for a bullish entry.
Projecting a fib ratio of (i) from (ii) gives (iii) a price target of 1.525.
This is an updated analysis from a more in-depth one over on hotcopper, here's the link:
hotcopper.com.au
![FMG: [EW] ASX:FMG correction nearing completion](https://s3.tradingview.com/i/IR3ekfes_mid.png "[EW] ASX:FMG correction nearing completion")
![Z1P: [EW] ASX:Z1P Wave 2 completion off of stupid combo](https://s3.tradingview.com/8/8wAqSAnc_mid.png "[EW] ASX:Z1P Wave 2 completion off of stupid combo")
![HUM: [EW] ASX:HUM Fresh off Minor wave 2](https://s3.tradingview.com/x/xlgGMsIf_mid.png "[EW] ASX:HUM Fresh off Minor wave 2")