Hey Sally you know BHP very well! I think your spot on with $31 being a pivital long term number.
One thing with 5 wave structures is the Fib retracements for each wave can give a clue as to what will unfold in the next wave.typically wave 4 will not retrace more than 50% of wave 3(thats how you know a 5th is coming next)our current resistance is 50% around $31! if it breaks down from here it could spend months in a 5th wave downtrend, but if it can break above $34(62% of wave 3) and hold, it may be the start of a long term 5 wave uptrend.
Sorry for the long windedness!!
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Last
$39.11 |
Change
-0.280(0.71%) |
Mkt cap ! $198.5B | |||
| Open | High | Low | Value | Volume |
| $38.77 | $39.13 | $38.66 | $252.7M | 6.479M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $39.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.11 | 3990 | 1 |
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| Last trade - 16.18pm 16/07/2025 (20 minute delay) ? |
| BHP (ASX) Chart |