hi debono,
the key is when CBA extended itself in one direction with only 3 waves and then reversed higher... even corrective waves typically end in 5-wave impulses, so if it's last foray lower was only a 3 wave structure, then another poke even lower in a 5-wave impulse is still needed to finish the move off...
of course, being a corrective mess lately, CBA could still go a lot higher if it wanted to, before finally coming back down and finishing the job that it started...
but I expect it will get there...
regards,
Ultrafart.
looking strong, page-16
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Last
$134.97 |
Change
0.200(0.15%) |
Mkt cap ! $225.8B | |||
| Open | High | Low | Value | Volume |
| $134.37 | $136.03 | $133.51 | $212.5M | 1.575M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $134.95 |
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| Price($) | Vol. | No. |
|---|---|---|
| $134.98 | 1713 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| CBA (ASX) Chart |