CBA 0.01% $87.13 commonwealth bank of australia.

possible wave c of 4...

  1. 436 Posts.
    hi kiddies,

    here's my wishful thinking - the closer CBA gets to $28.50, the happier I'll be (trying to extract myself from a losing position)... hoping it's in wave C of the 4th wave since $23.05 (note the blue accumulation / distribution line)...

    if CBA is now in wave C of the 4th wave since $23.05, then it will have to go somewhere under $28.90 in this current short-term downtrend...

    and if so, that will be the last low before it takes off in wave 5 to $32.00+...

    also, expecting cyclical low leading into first two weeks of September... can this current downtrend drag out that long? the effect of the dividend has to hit yet...

    any thoughts welcomed..


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