ASX: WiseTech Global Limited (WTC) Elliott Wave Analysis – TradingLounge (1D Chart)

Greetings, Our latest Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) and WiseTech Global Limited (WTC). WTC.ASX might initiate a new upward movement within a ((iii))-navy wave.


ASX: WiseTech Global Limited (WTC) Elliott Wave Technical Analysis

ASX: WiseTech Global Limited (WTC) 1D Chart (Semilog Scale) Analysis

Function: Major Trend (Primary Degree, Navy)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange of Wave ((3))-navy

Details: Wave ((ii))-navy concluded at the 83.11 low as a Double Zigzag pattern. Now, wave ((iii))-navy appears to be developing upwards, subdividing into wave (i)-orange, which has recently completed. Currently, wave (ii)-orange seems to be beginning its descent.

Invalidation Point: 83.11

Wisetech-Global-Limi...


ASX: WiseTech Global Limited (WTC) Elliott Wave Analysis – TradingLounge (4-Hour Chart)

ASX: WiseTech Global Limited (WTC) 4-Hour Chart Analysis

Function: Major Trend (Minute Degree, Navy)

Mode: Motive

Structure: Impulse

Position: Wave (ii)-orange of Wave ((iii))-navy

Details: After the low at 83.11, wave (i)-orange has been forming and appears to have completed as a Five-wave structure. The development of wave (ii)-orange is anticipated to move lower, targeting around 87.54. Subsequently, wave (iii)-orange could resume its upward momentum.

Invalidation Point: 83.11

Conclusion:

Our Elliott Wave analysis of ASX: WiseTech Global Limited (WTC) provides key insights into current market trends and strategies to leverage them effectively. We highlight specific price levels that serve as validation or invalidation points for our wave count, aiming to boost the confidence in our forecast. By integrating these critical factors, we strive to deliver the most objective and professional analysis of market trends.

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

Previous:  NATIONAL AUSTRALIA BANK LIMITED - NAB Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

Wisetech-Global-Limi...

Related

Silver (XAGUSD) Elliott Wave Analysis: Price Forecast, Technical Trends, Market Outlook, and Trading Insights for January 2025

Silver (XAGUSD) Elliott Wave Analysis: Price Forecast, Technical Trends, Market Outlook, and Trading Insights for January 2025

Silver price trends and Elliott Wave analysis, detailing the ongoing bearish correction and its impa...

Read More >
Global Indices Elliott Wave Update: DAX FTSE ASX Lead Rally as S&P 500 & NASDAQ 100 Enter Wave 5

Global Indices Elliott Wave Update: DAX FTSE ASX Lead Rally as S&P 500 & NASDAQ 100 Enter Wave 5

DAX 40, FTSE 100 and ASX 200 are leading global equities higher, while the S&P 500 and NASDAQ 100 su...

Read More >
TASI Index Elliott Wave Analysis Forecasts Strong Bullish Move in Saudi Market with Impulsive Gray Wave 3 Structure

TASI Index Elliott Wave Analysis Forecasts Strong Bullish Move in Saudi Market with Impulsive Gray Wave 3 Structure

Elliott Wave analysis of the TASI Index highlighting an impulsive bullish trend through Gray Wave 3 ...

Read More >
Dynamics Between U.S.Dollar /Canadian Dollar (USD/CAD) Forex Elliott Wave Technical Analysis

Dynamics Between U.S.Dollar /Canadian Dollar (USD/CAD) Forex Elliott Wave Technical Analysis

This article provides a detailed Elliott Wave analysis of the USD/CAD currency pair, focusing on cur...

Read More >
DR REDDY LABORATORIES - DRREDDY Elliott Wave Stock Analysis: Forecasting Bullish Trend, Wave 4-5 Developments

DR REDDY LABORATORIES - DRREDDY Elliott Wave Stock Analysis: Forecasting Bullish Trend, Wave 4-5 Developments

A daily and weekly Elliott Wave outlook for DR REDDY LABORATORIES, outlining its bullish trend struc...

Read More >
Unlocking ASX Trading Success: Goodman Group – GMG Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: Goodman Group – GMG Stock Analysis & Elliott Wave Technical Forecast

This article provides a comprehensive Elliott Wave analysis of the ASX-listed Goodman Group (GMG). I...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on