CBA commonwealth bank of australia.

CBA TA update, page-2824

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    It would appear that $148.98 is the bottom of what might be the first leg down. It has been a move of $18.94.

    If we assume that the first leg down is 38.2% of a five wave move then the initial target is $117.50. This is an approximation of what would normally be expected in a 5 wave move.

    If markets overall go into a significant decline, you now have an approximate target.
 
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Last
$184.35
Change
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$182.00 $184.41 $180.83 $253.6M 1.384M

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