Brokers have been bearish on CBA for many months now...yet they don't have a bad word to say about the other big 3. Technically it's the leader i.m.o. It has been for a decade at least. I don't hold.
Not sure that has ever happened before in such a tight match.
Foley played well until the last minute. Even his own teammates were yelling at him to kick the ball into touch, and he ignored them. No idea why as the ref kept telling him to play.
I looked at this last night. A good recovery play i.m.o.
Has hit a multi-year zone of support and reversed. The latter stages of the sell-off coincided with an increase in volume as well. Volume tapered off during the bounce which isn't ideal....could change though.
I don't hold...yet
The positives Rob:
It's declined around 78.6% of the prior leg, used by many Elliott analysts. I prefer 61.8% but that's just me. It's also hit a zone of support and reversed. Plus, there is a volume bubble around the lows implying the big boys may be taking an interest.. The confluence is...
This is the weekly chart. Falling wedge (ending diagonal triangle) terminated in the typical retracement zone. Breakout achieved...let's see if it sticks first as there are still a lot of false breakouts in this market. So far so good.
Disclosure: I hold
I am looking for another leg up to the target shown....as a minimum. Funny how almost all the brokers have CBA as their least preferred big bank. Longer term, it's looking good still i.m.o. I prefer Westpac short to medium term...has better patterns for me.
Disclosure: I hold WBC
Hi, can you post a chart (live) and then we can see how it works. I see on the website you advertise it states that you guarantee profits. How do you verify this?
Thanks
No, what I meant was that your A-B-C corrections at both degrees of trend are far to deep. They nearly retrace the whole prior leg higher. Plus, each 5-wave move makes up a pattern at 1 larger degree...or it should.. Sorry, I just can't see how the analysis you have put forward helps making...
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