Hey Sally you know BHP very well! I think your spot on with $31 being a pivital long term number.
One thing with 5 wave structures is the Fib retracements for each wave can give a clue as to what will unfold in the next wave.typically wave 4 will not retrace more than 50% of wave 3(thats how you know a 5th is coming next)our current resistance is 50% around $31! if it breaks down from here it could spend months in a 5th wave downtrend, but if it can break above $34(62% of wave 3) and hold, it may be the start of a long term 5 wave uptrend.
Sorry for the long windedness!!
what the heck is happening, page-195
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Last
$43.74 |
Change
0.260(0.60%) |
Mkt cap ! $221.8B | |||
| Open | High | Low | Value | Volume |
| $43.65 | $43.92 | $43.56 | $271.0M | 6.197M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $43.72 |
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| Price($) | Vol. | No. |
|---|---|---|
| $43.74 | 8771 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |