Does anybody disagree with my wave count on post 75238668?
Either everybody agrees or there are a lot of investors who have no idea what a wave count is.
Does anybody, on a technical basis, disagree with my target of $139.84 or have an alternative method of calculation. From my experience of using Elliott Wave theory for 38 years, the length of the 5th wave is often related to the entire length of the 5 waves by a Fibonacci percentage, the most common being 38.2% which in the case of CBA has already been exceeded.
Please only reply if you have a technical method of calculation that differs from mine. I am not interested in wild guesses with no basis for calculation.
CBA Price at posting:
$138.13 Sentiment: Sell Disclosure: Held
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