CBA 0.40% $135.64 commonwealth bank of australia.

In the chart, you would notice the divergence in the RSI between...

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    In the chart, you would notice the divergence in the RSI between the 3rd wave & 5th wave & for that matter the B wave, indicating that the market was due to reverse. The onbalance volume indicator was getting towards the top which also indicates a reversal.

    The 4th wave retraced exactly 61.8% to the exact cent, further indicating that it was a 4th wave. The 3rd wave comprised of a simple 5 wave count which is usually expected. The 3 impulse waves were $12.61, $21.60 & $16.45

    I believe the 5th wave top was at $141.34, the moment the stock went ex-div. What followed, I believe, was a running correction with an a,b,c for A, an a,b,c,d,e for B & we are now in the C wave.

    The following corrections could be considered, based on the entire move from $109.94 to $145.24:-

    38.2% = $131.76
    50%%= $127.55
    61.8%= $123.42

    The latter looks to be closer to real value.
 
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