@Exised, sorry only just saw your tag on me about CBA today. I have been tracking a bullish leading diagonal count in XJO and CBA has the same potential pattern over the same time period so the medium-term trend should be up/bullish. Short-term the rise from 93.05 is only in 3 waves made up of ABCs. If it doesn't develop into a 5 wave impulsive move like a leading diagonal in this instance then the correction from 111.43 is probably still underway and lows below 93.05 may been seen. Hope this helps.
CBA TA update, page-533
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$135.64 |
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| Open | High | Low | Value | Volume |
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