This analysis is for my learning purpose only - DYOR. After year long consolidation in the trading range, Elders broke the trading range and jumped across creek (JAC) and tested back up to creek (BUC) on low volume. A text book Wyckoff accumulation structure. Lets see how far it runs before it starts to re-accumulate. Thanks.
After Distribution - Downtrend & Re-accumulation and recent Uptrend, will FMG break the ICE? It might re-accumulate here till FY22 1H results due in Feb '22. Let's see what happens next? This post is for educational Purpose only
This is my first publishing and purely for educational purpose. DYOR It seems that CBA is forming Wyckoff Distribution - Phase D UTAD, coming in range with high volume and wide price range. It might take support from ICE (Green dashed line) and could continue to fall till next support zone around $90. Lets see how it goes. Fingers crossed Thanks.