ASX: Brambles Limited – BXB Elliott Wave Analysis (1D Chart)

Welcome to today’s Elliott Wave analysis update for the Australian Stock Exchange (ASX) featuring Brambles Limited (BXB). Our analysis indicates that BXB may continue its upward momentum, driven by a developing v-grey wave.

ASX: Brambles Limited - BXB 1D Chart (Semilog Scale) Overview

BXB Elliott Wave Technical Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

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

Analysis Details: The v-grey wave is currently advancing and may target the Major Level of 20.00. The structure suggests that the v-grey wave is expanding and subdividing into wave ((3))-navy, signaling further potential upside.

Invalidation Point: 17.99

Brambles-Limited-1D-...


ASX: Brambles Limited - BXB 4-Hour Chart Overview

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave ((3))-navy of Wave v-grey

Analysis Details: From the recent low of 17.32, the v-grey wave has shown signs of advancing. Both wave ((1))-navy and wave ((2))-navy have completed, and wave ((3))-navy is currently progressing, with a potential move toward the Major Level of 20.00.

Invalidation Point: 17.99

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

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

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

Brambles-Limited-4h-...


Conclusion:
Our updated Elliott Wave analysis for ASX: Brambles Limited (BXB) highlights the ongoing trends and potential price movements. We provide specific price levels that serve as validation or invalidation points to strengthen our wave count's accuracy. This approach helps traders to make informed decisions based on objective market insights and trend forecasts.

Related

Stock Market Analysis: Costco Wholesale Corp.(COST) Elliott Wave Technical Analysis

Stock Market Analysis: Costco Wholesale Corp.(COST) Elliott Wave Technical Analysis

Delve into comprehensive Elliott Wave analysis for Costco Wholesale Corp. (COST), uncovering intrica...

Read More >
GBPUSD Elliott Wave Forecast: Daily and 4-Hour Chart Analysis with Key Trading Levels, and Strategy Insights

GBPUSD Elliott Wave Forecast: Daily and 4-Hour Chart Analysis with Key Trading Levels, and Strategy Insights

Detailed GBPUSD Elliott Wave analysis for daily and 4-hour charts, showing corrective wave structure...

Read More >
EURGBP Elliott WaveTechnical Analysis: Bearish Trend, Orange Wave 3 Progression, Risk Management Insights, and Forex Trading Strategies

EURGBP Elliott WaveTechnical Analysis: Bearish Trend, Orange Wave 3 Progression, Risk Management Insights, and Forex Trading Strategies

This comprehensive analysis delves into EURGBP Elliott Wave structures, highlighting the ongoing bea...

Read More >
VanEck Rare Earth & Strategic Metals ETF (REMX) Elliott Wave Forecast Predicts Rare Earth Metals Rally with $57 Target

VanEck Rare Earth & Strategic Metals ETF (REMX) Elliott Wave Forecast Predicts Rare Earth Metals Rally with $57 Target

VanEck REMX ETF is nearing the end of a corrective wave 4 and preparing for a bullish rally. Learn k...

Read More >
Unlocking The CODE: ADANI PORTS - Indian Stocks With Elliott Wave Strategy, Stock Forecast, and Market Trend

Unlocking The CODE: ADANI PORTS - Indian Stocks With Elliott Wave Strategy, Stock Forecast, and Market Trend

ADANI PORTS & SEZ examines the stock's current corrective structure on both daily and weekly cha...

Read More >
Key Spain Market Insights, Bullish Trends and The Best Stocks to Watch: IBEX 35 Index Elliott Wave Technical Analysis

Key Spain Market Insights, Bullish Trends and The Best Stocks to Watch: IBEX 35 Index Elliott Wave Technical Analysis

The IBEX 35 market analysis reveals a bullish Elliott Wave trend, highlighting key IBEX 35 trading s...

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