Boomerboy,
The only difference in our wave count is that you believe the 5th wave is continuing & I believe it finished at $141.34 & we are now in the B wave of a running correction.
After the $135.65 low on Aug 21 there is no true Elliott impulse wave count which could indicate that we are in a B wave. The B wave probably started on Aug 28 @ $136.20.
The significant divergence on the RSI indicator to the CBA price chart signifies to me that the move up from $124.89 is certainly a 5th wave. Time will tell if the count has finished or continues.
The point being that there should be a significant correction shortly.
One should not try & pick the ultimate top before selling as you could miss the turn.
Boomerboy,The only difference in our wave count is that you...
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Last
$135.63 |
Change
0.660(0.49%) |
Mkt cap ! $226.9B | |||
| Open | High | Low | Value | Volume |
| $136.48 | $136.58 | $135.60 | $165.4M | 1.218M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 998 | $135.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $135.64 | 2575 | 1 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |