hi debono,
the key is when CBA extended itself in one direction with only 3 waves and then reversed higher... even corrective waves typically end in 5-wave impulses, so if it's last foray lower was only a 3 wave structure, then another poke even lower in a 5-wave impulse is still needed to finish the move off...
of course, being a corrective mess lately, CBA could still go a lot higher if it wanted to, before finally coming back down and finishing the job that it started...
but I expect it will get there...
regards,
Ultrafart.
looking strong, page-16
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