ASX: Origin Energy Limited – ORG Elliott Wave Analysis (1D Chart)

Welcome to today's Elliott Wave analysis for Origin Energy Limited (ASX: ORG). Based on our technical review, ORG.ASX is showing continued downward movement. Upon completing the current corrective wave, we anticipate wave (5)-orange may drive an upward reversal.

ASX: Origin Energy Limited – ORG 1D Chart (Semilog Scale) Analysis

ORG Elliott Wave Technical Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave C-grey of Wave (4)-orange

Analysis Details:
Wave 4-grey is progressing in a pronounced Zigzag pattern, identified by its A, B, and C-grey labels. Both wave A-grey and wave B-grey are complete, leaving wave C-grey to extend downward, targeting a projected low of approximately 8.96.

Invalidation Point: 10.44

ORIGIN-ENERGY-LIMITE...


ASX: Origin Energy Limited – ORG 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave C-grey of Wave (4)-orange

Detailed Analysis:
Wave 4-grey remains in a steep Zigzag pattern, marked by the sequence A, B, and C-grey. With the completion of waves A-grey and B-grey, wave C-grey is anticipated to push lower towards 8.96, signaling the final phase for wave (4)-orange around this price zone. Following this, wave (5)-orange may emerge with upward momentum. Once support establishes around the Major Level at 100.00, we anticipate a quality long trade opportunity.

Invalidation Point: 10.44

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

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

See Previous: JAMES HARDIE INDUSTRIES PLC 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

ORIGIN-ENERGY-LIMITE...


Conclusion

Our Elliott Wave analysis of ASX: Origin Energy Limited – ORG provides a strategic overview, indicating the current corrective wave’s influence on ORG’s price movements. We highlight specific price levels as validation and invalidation points, helping traders align with potential market shifts confidently. This approach aims to deliver an objective perspective on Origin Energy’s short-term and long-term market trends for effective trading strategies.

Related

TXN Elliott Wave Technical Analysis: Understanding Texas Instruments Inc. Stock Trends and Chart Analysis

TXN Elliott Wave Technical Analysis: Understanding Texas Instruments Inc. Stock Trends and Chart Analysis

Dive into comprehensive TXN Elliott Wave analysis to uncover trends, forecasts, and trading strategi...

Read More >
Bullish Outlook Confirmed: Elliott Wave Analysis Signals Uptrend for Major Global Indices

Bullish Outlook Confirmed: Elliott Wave Analysis Signals Uptrend for Major Global Indices

Index Analysis: S&P 500 (SPX): Action: Considering a long position at 5,850. Pattern: Observing...

Read More >
Gain expert insights into Binance Crypto Price BNBUSD Elliott Wave Technical Analysis

Gain expert insights into Binance Crypto Price BNBUSD Elliott Wave Technical Analysis

Gain expert insights into Binance Coin (BNBUSD) with our detailed Elliott Wave Analysis. Understand ...

Read More >
VeChain USD trading strategies: VeChain Crypto Price News Today Elliott Wave Technical Analysis

VeChain USD trading strategies: VeChain Crypto Price News Today Elliott Wave Technical Analysis

Stay ahead in the crypto market with our detailed VETUSD Elliott Wave analysis and VeChain USD tradi...

Read More >
Copper Commodity Elliott Wave Technical Analysis: Ongoing Corrections, Wave Structures, and Key Resistance Zones

Copper Commodity Elliott Wave Technical Analysis: Ongoing Corrections, Wave Structures, and Key Resistance Zones

This article provides a detailed analysis of Copper prices using Elliott Wave theory. It covers the ...

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