Regen BioPharma Inc (RGBP)

[foxi]

Yes, in my opinion!

The low in the middle on July 2 is .014 which means the low of .0125 on July 30 can't be part of a pullback in an ongoing wave (because the later low is lower).

The high on August 10 is .0308, which is lower than the high of .0335 on July 6. So August 10 is not the continuation of a wave either because there aren't higher highs.

That leaves just the downtrend from 8/10-8/13 in question. It can't be the 1-2 part of an elliott wave if the elliott wave by definition doesn't start until it runs past the breakout point. (ie The highest high.) (It almost crossed above the breakout point on August 10, but didn't have enough momentum.)

It does, however run to a high of .0345 on 8/19 exceeding all other highs, and starts behaving like a complex wave from that time forward!

IMO when measuring any of the highs and lows, any new trend will run past those decisively. Software tries its best, but it's good to "eyeball it" too.