ASX: Xero Limited - XRO Elliott Wave Analysis TradingLounge (1D Chart)

Greetings, our Elliott Wave analysis today focuses on the Australian Stock Exchange (ASX) for XERO LIMITED (ASX: XRO). We observe that XERO LIMITED is developing within a Diagonal, and in the short term, there is potential for further upward movement.

ASX: XERO LIMITED - XRO Elliott Wave Technical Analysis

ASX: Xero Limited - XRO 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave (v)-orange of Wave (i)-navy

Details: The pattern appears to be unfolding as a Diagonal. Since the low of 126.69, the (v)-orange wave is continuing to push higher as a Zigzag. The maximum target is lower than the previous high of 157.45.

Invalidation point: 138.60

Xero-Limited-1D-Asx-...


ASX: XERO LIMITED - XRO Elliott Wave Analysis TradingLounge (4-Hour Chart)

ASX: XERO LIMITED - XRO Elliott Wave Technical Analysis

ASX: XERO LIMITED - XRO 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave c-grey of Wave (iv)-orange

Details: From the low at 126.68, the (v)-orange wave is advancing higher as a Zigzag within the larger Diagonal pattern. Recently, the b-grey wave seems to have completed at the low of 138.60, and the c-grey wave is currently advancing, targeting the next high at 149.70.

Invalidation point: 138.60

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

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

See Previous: Wisetech Global Limited Elliott Wave Technical Analysis

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

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Xero-Limited-4h-Asx-...


Conclusion

Our Elliott Wave analysis and forecast for ASX: XERO LIMITED (XRO) provide insights into the current market trends. We identify specific price levels that act as validation or invalidation points for the wave count, enhancing the reliability of our perspective. This analysis is designed to offer traders an objective and professional viewpoint on the market, helping them capitalize on potential market movements effectively.

Related

Unraveling Euro/U.S.Dollar(EURUSD)  Forex : An In-depth Elliott Wave Technical Forecast and Trading Strategy Analysis

Unraveling Euro/U.S.Dollar(EURUSD)  Forex : An In-depth Elliott Wave Technical Forecast and Trading Strategy Analysis

This article provides an in-depth Elliott Wave Analysis of the EURUSD currency pair, highlighting ke...

Read More >
Elliott Wave Analysis: Fed Rate Cut Sparks Potential Primary Wave 4 Downtrend

Elliott Wave Analysis: Fed Rate Cut Sparks Potential Primary Wave 4 Downtrend

The Fed’s quarter-point rate cut triggered a sharp market decline, prompting close Elliott Wave scr...

Read More >
Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 7 November 23

Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis 7 November 23

Costco Wholesale Corp.(COST:NASDAQ) Elliott Wave Technical Analysis on 7 November 23, COST Stock Mar...

Read More >
Gold (XAUUSD) Elliott Wave Technical Analysis

Gold (XAUUSD) Elliott Wave Technical Analysis

Stay ahead in the Gold (XAUUSD) market with our Elliott Wave Technical Analysis for February 14, 202...

Read More >
WISETECH GLOBAL (ASX: WTC) Stock Set for Major Move: Elliott Wave Forecast Reveals Key Price Targets!

WISETECH GLOBAL (ASX: WTC) Stock Set for Major Move: Elliott Wave Forecast Reveals Key Price Targets!

This analysis provides an in-depth Elliott Wave forecast for WISETECH GLOBAL LIMITED (WTC) on the Au...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

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

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

Gain a competive edge with expert insights in to:

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

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • 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