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

Mastering VeChain Trading with Elliott Wave Analysis: VETUSD Technical Insights 12 February 24

Mastering VeChain Trading with Elliott Wave Analysis: VETUSD Technical Insights 12 February 24

VeChain trading with expert Elliott Wave analysis and VETUSD insights. Explore technical analysis, p...

Read More >
The Coca-Cola Company (KO) - Stocks Analysis, Elliott Wave Technical Forecast & Price Prediction

The Coca-Cola Company (KO) - Stocks Analysis, Elliott Wave Technical Forecast & Price Prediction

Dive into the dynamic world of Coca-Cola's (KO) stock with our expert analysis guided by Elliott...

Read More >
Thoroughly Analyses the CAC 40, Featuring Elliott Wave Insights, Technical Analysis, and Forecasts: CAC 40 Trading Strategies

Thoroughly Analyses the CAC 40, Featuring Elliott Wave Insights, Technical Analysis, and Forecasts: CAC 40 Trading Strategies

This article thoroughly analyses the CAC 40, featuring Elliott Wave insights, technical analysis, an...

Read More >
WTI Crude Oil Commodity Elliott Wave Technical Analysis: Crude Oil is Experiencing a Recovery

WTI Crude Oil Commodity Elliott Wave Technical Analysis: Crude Oil is Experiencing a Recovery

In this analysis, we provide a detailed Elliott Wave forecast for WTI and crude oil prices in June 2...

Read More >
Cocoa Commodity Analysis & Elliott Wave Technical Forecast: Navigating the Bullish Waves

Cocoa Commodity Analysis & Elliott Wave Technical Forecast: Navigating the Bullish Waves

This comprehensive analysis provides a deep dive into the cocoa market's bullish trend, leveragi...

Read More >
Natural Gas Downtrend: Elliott Wave Technical Analysis and 2024 Market Forecast

Natural Gas Downtrend: Elliott Wave Technical Analysis and 2024 Market Forecast

This article provides an in-depth Natural Gas price analysis utilizing Elliott Wave Theory. It cover...

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