Hi all,
For anyone interested, this chart shows CBA for the last 10 years. The chart clearly shows a 5-wave impulsive advance right up to $34.94.
The 5-wave impulse down from $34.94 to $23.05 could be the start of a correction - in which case the lower line is the target (ie, $17 ~ $18). It could also be the start of a larger impulse down, in which case the downside target will be way below the lower line.
Whatever the downward movement from the peak of $34.94 is, corrective or impulsive, it will resume when the current 3-wave upwards correction from $23.05 finishes. When this correction finishes, the downside for CBA will be substantial and lengthy.
Regards,
Ultrafart.
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Last
$136.29 |
Change
0.340(0.25%) |
Mkt cap ! $228.4B |
Open | High | Low | Value | Volume |
$136.34 | $136.72 | $135.60 | $41.02M | 300.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 129 | $136.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$136.30 | 13 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 115 | 136.420 |
6 | 125 | 136.410 |
5 | 901 | 136.400 |
4 | 503 | 136.390 |
2 | 105 | 136.380 |
Price($) | Vol. | No. |
---|---|---|
136.450 | 2 | 1 |
136.460 | 205 | 4 |
136.470 | 28 | 2 |
136.480 | 120 | 6 |
136.490 | 250 | 7 |
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