Hi all,
For anyone interested, this chart shows CBA for the last 10 years. The chart clearly shows a 5-wave impulsive advance right up to $34.94.
The 5-wave impulse down from $34.94 to $23.05 could be the start of a correction - in which case the lower line is the target (ie, $17 ~ $18). It could also be the start of a larger impulse down, in which case the downside target will be way below the lower line.
Whatever the downward movement from the peak of $34.94 is, corrective or impulsive, it will resume when the current 3-wave upwards correction from $23.05 finishes. When this correction finishes, the downside for CBA will be substantial and lengthy.
Regards,
Ultrafart.
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$135.77 |
Change
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Open | High | Low | Value | Volume |
$133.51 | $135.90 | $133.29 | $159.6M | 1.183M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14712 | $150.00 |
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Price($) | Vol. | No. |
---|---|---|
$122.20 | 22322 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14712 | 150.000 |
3 | 1300 | 149.670 |
1 | 2655 | 149.340 |
3 | 280594 | 148.820 |
1 | 26239 | 147.000 |
Price($) | Vol. | No. |
---|---|---|
122.200 | 18222 | 5 |
126.000 | 217 | 1 |
126.270 | 5383 | 1 |
126.460 | 170 | 1 |
127.000 | 215 | 2 |
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