11Nov

Transurban Group (TCL) with our Elliott Wave analysis. Learn About Current Market Trends, Key Price Levels, and Trading Strategies

ASX: TRANSURBAN GROUP - TCL Elliott Wave Analysis | TradingLounge

Greetings! Today's Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) and TRANSURBAN GROUP - TCL. Our evaluation suggests that TCL.ASX is poised to enter a bull market phase with wave (iii)-orange leading the charge.

ASX: TRANSURBAN GROUP - TCL 1D Chart Analysis (Semilog Scale)

TCL Elliott Wave Technical Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

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

Details:

  • Wave (i)-orange has concluded, with wave (ii)-orange unfolding as a zigzag correction likely to dip lower before reversing.
  • A move above 13.10 would signal the start of wave (iii)-orange, marking upward momentum.

Invalidation Point: 11.92

TRANSURBAN-GROUP-1D-...


ASX: TRANSURBAN GROUP - TCL 4-Hour Chart Analysis

Function: Major trend (Minuette degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave ((5))-navy of Wave c-grey of Wave (ii)-orange

Details:

  • Wave (i)-orange has completed as a five-wave impulse.
  • Wave (ii)-orange is evolving as a zigzag structure labeled a,b,c-grey.
  • Both wave a-grey and wave b-grey are complete, and wave c-grey appears to be nearing its end.
  • A push above 13.00 will be the initial confirmation that wave (iii)-orange is beginning to climb.

Invalidation Point: 11.92

Key Point: 13.00

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

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

See Previous: BLOCK INC. – SQ2 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

TRANSURBAN-GROUP-4h-...


Conclusion

Our analysis provides actionable insights into ASX: TRANSURBAN GROUP - TCL and its current trends. By tracking key price levels such as 13.00 and 13.10, traders can gauge the validity of the wave count and confirm upward momentum. The invalidation level of 11.92 serves as a critical point for risk management.

By incorporating these observations, we aim to empower readers with an objective perspective to capitalize on emerging market trends effectively.

Related

U.S.Dollar/Swiss Franc (USD/CHF) Forex Elliott Wave Technical Analysis: Precise Forex Trading Strategies

U.S.Dollar/Swiss Franc (USD/CHF) Forex Elliott Wave Technical Analysis: Precise Forex Trading Strategies

This article provides a comprehensive USD/CHF Elliott Wave Analysis, detailing impulsive wave patter...

Read More >
Understanding Alphabet Inc. (GOOGL) Through Elliott Wave Analysis: An In-depth Daily and 4-Hour Chart Review

Understanding Alphabet Inc. (GOOGL) Through Elliott Wave Analysis: An In-depth Daily and 4-Hour Chart Review

Dive into an in-depth analysis of Alphabet Inc. (GOOGL) with our latest stock forecast and Elliott W...

Read More >
Meta Platforms Inc.(META:NASDAQ) Elliott Wave Technical Analysis 30 November 23

Meta Platforms Inc.(META:NASDAQ) Elliott Wave Technical Analysis 30 November 23

Meta Platforms Inc.(META: NASDAQ) Elliott Wave Technical Analysis dated 30 November 23. META Stock M...

Read More >
"Elliott Wave Analysis of Key Indices: S&P 500, NASDAQ 100, Russell 2000, DJI, DAX 40, FTSE 100, ASX 200, and Nikkei"

"Elliott Wave Analysis of Key Indices: S&P 500, NASDAQ 100, Russell 2000, DJI, DAX 40, FTSE 100, ASX 200, and Nikkei"

"Delve into our detailed Elliott Wave Analysis of the Stock Market, focusing on key indices i...

Read More >
KOSPI Composite is in a Bullish Trend - KOSPI Elliott Wave Technical Analysis on the Daily and Weekly Charts

KOSPI Composite is in a Bullish Trend - KOSPI Elliott Wave Technical Analysis on the Daily and Weekly Charts

The KOSPI Composite is in a bullish trend, confirmed by Elliott Wave analysis on the daily and weekl...

Read More >
DAX 40 (Germany) Index Elliott Wave Technical Analysis - Learn how to trade DAX 40, Track Bullish and Bearish Signals

DAX 40 (Germany) Index Elliott Wave Technical Analysis - Learn how to trade DAX 40, Track Bullish and Bearish Signals

This article provides a complete DAX 40 trading analysis, utilizing Elliott Wave theory to predict m...

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