Vanguard Australian Shares Index V300AEQ ETF UNITS – (1D Chart)

Greetings, in today's Elliott Wave analysis, we update the Australian Stock Exchange (ASX) regarding V300AEQ ETF UNITS – VAS. Our analysis suggests that VAS may have completed wave 2-grey, and wave 3-grey is now developing to push prices higher.

ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis

VAS Elliott Wave Technical Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

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

Details:

• Wave (i)-orange has finished, and wave (ii)-orange is unfolding to push lower.
• Wave (iii)-orange is expected to push the price higher eventually.

Invalidation Point: 98.39

ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis

ASX: Vanguard Australian Shares Index Elliott Wave Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

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

Details:

• In the short term, wave (i)-orange has completed its five-wave structure, and wave (ii)-orange is now unfolding in a Zigzag pattern, pushing lower.
• Eventually, wave (iii)-orange is expected to push higher, continuing the overall upward trend.

Invalidation Point: 98.39

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

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Conclusion:

This analysis provides a forecast of both long-term and short-term trends for ASX: V300AEQ ETF UNITS – VAS. By identifying critical price levels for validation or invalidation of our wave counts, we aim to give readers a clearer perspective on market movements. With these insights, traders can better align their strategies with market trends and make more informed decisions.