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6/22/2020
Commonwealth Bank of Australia (CBA - XJO) - ABC wave pattern
Commonwealth Bank of Australia (CBA - XJO) is in corrective wave (B), which is subdividing in ABC. The C subwave of (B) is in progress and may take a day or two to complete. If it broke down the invalidation level, then the (C) down wave will confirmed. CBA has around 7.5 % holding value in XJO & from financial sector. So it can drag down the XJO too, which is even in the similar wave count in 30 min time frame. In weekly time frame It is in (Y) wave down, but that is very aggressive count. Despite the bigger count, in 60 min time frame, it is within corrective structure and under-performing XJO index.
Westpac Banking Corp (WBC - XJO) - ABC wave pattern
Westpac Banking Corp (WBC - XJO) is in ABC correction downside from last top indicated as in chart. It is possible to count it as WXY too, but XJO and other banking stocks are in impulse fall, that’s the reason to consider it as ABC correction. B is under progress, so wait for confirmation of B to over, then only get in to trade. In weekly time frame, it is hard to specify that next big move up or down. But it is in downtrend and under-performing the XJO. Until it starts out-performing, it is good sell when XJO has expected to be down.
National Australia Bank Ltd (NAB - XJO) - WXY wave pattern
National Australia Bank Ltd (NAB - XJO) is in (X) wave correction of (W)(X)(Y) correction pattern moving downside. Subwave Y of (X) wave as in ABC correction is under progress as indicated in chart. So after one more high (X) will probably gets over and (Y) wave will start falling downside. Wait for price to reverse with impulse in smaller time frame say 3 min. NAB has around 3.3 % holding value in XJO & from financial sector.
ANZ Banking Group (ANZ - XJO) - WXY wave pattern
ANZ Banking Group (ANZ - XJO) is in (X) wave within (W)(X)(Y) complex correction pattern moving downside. Subwave Y of (X) wave as ABC correction is under progress, which will end with new high. So after one more high (X) will probably gets over and (Y) wave will start falling downside. ANZ has around 3.3 % holding value in XJO & from financial sector. In weekly time frame, it seems ABC zigzag correction over after impulse wave over. But different alternate count is possible so hard to say about exact direction. 
Macquarie Group Ltd (MQG - XJO) - WXY wave pattern
Macquarie Group Ltd (MQG - XJO) is within (X) wave and out-performing the XJO index. It is within B wave of (X) wave up, thereafter wave C will go upward to end (X) wave. Wait for impulse down to confirm the (Y) wave until get in to trade. MQG has around 3.2 % holding value in XJO & from financial sector. Other stocks are better than this one for short trade, as it is the most out-performing one. In weekly time frame, it is having two wave counts, which is not giving very clear direction for swing trade.
CSL Ltd (CSL - XJO) - complex wave pattern
CSL Ltd (CSL - XJO) is in choppy movement within 60 min time frame. It is the strongest stock of XJO having around 9.0 % holding value in XJO & from Healthcare sector. In monthly time frame, it is in 4th subwave of 5th wave up, which may be within triangle or complex correction. In 2 hr time frame, this is very complex. So wait until have valid good count.
Wesfarmers Ltd (WES - XJO) - WXY wave pattern
Wesfarmers Ltd (WES - XJO) has completed ABC zigzag wave pattern from bottom. It is correcting in WXY in 30 min time frame. C of X up wave is in progress and probably make new high. Thereafter Y wave will start moving down. WES has around 2.6 % holding value in XJO & from Consumer discretionary sector. In weekly time frame, at last stop it completed (Y) wave with C within expanding diagonal. Now correcting down in ABC flat like correction. 
