Normal
NAB made an extremely clear five waves up from the bottom, which could indicate that the new uptrend has started. Based on this now it should correct down with second wave, most likely to the previous iv wave area of ~33, but theoretically second waves can retrace all the way back to the bottom. I am looking to buy into the correction, as this could be the last chance to get in at those prices.[ATTACH]60922[/ATTACH]What is more interesting, that if you check all major banks and for example RIO, they all have similar structures. All Ords also advanced in five waves from the bottom, so I think after some sort of pullback that could take week or two, a major rally is coming earlier next year.
NAB made an extremely clear five waves up from the bottom, which could indicate that the new uptrend has started. Based on this now it should correct down with second wave, most likely to the previous iv wave area of ~33, but theoretically second waves can retrace all the way back to the bottom.
I am looking to buy into the correction, as this could be the last chance to get in at those prices.
[ATTACH]60922[/ATTACH]
What is more interesting, that if you check all major banks and for example RIO, they all have similar structures. All Ords also advanced in five waves from the bottom, so I think after some sort of pullback that could take week or two, a major rally is coming earlier next year.
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