ASX: UNIBAIL RODAMCO WESTFIELD – URW Elliott Wave Analysis TradingLounge
Greetings! This updated Elliott Wave analysis explores the trends of the Australian Stock Exchange (ASX), focusing on UNIBAIL RODAMCO WESTFIELD (ASX: URW). Our insights indicate that ASX: URW is positioned to continue its upward trajectory.
ASX: UNIBAIL RODAMCO WESTFIELD – URW 1D Chart (Semilog Scale) Analysis
URW Elliott Wave Technical Analysis
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave ((iii))-navy of Wave 3-grey
Details:
Wave ((iii))-navy is progressing upward, targeting the next resistance at 6.50. A further price increase would confirm this wave structure, reinforcing our bullish outlook.
Invalidation point: 5.81
ASX: UNIBAIL RODAMCO WESTFIELD – URW 4-Hour Chart Analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave iii-grey of Wave ((iii))-navy
Details:
Wave ((ii))-navy concluded as a Flat correction marked as (a)(b)(c)-orange, with a low at 5.81. Wave ((iii))-navy is now extending upward, with its subwaves i-grey and ii-grey completed. This suggests that wave iii-grey is set to advance further, potentially supporting higher price levels.
Invalidation point: 5.81
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
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Conclusion
Our Elliott Wave analysis for ASX: UNIBAIL-RODAMCO-WESTFIELD (URW) highlights both contextual trends and short-term projections, aiming to guide readers in recognizing actionable trading opportunities. Validation and invalidation levels are clearly defined, with 6.50 as a key target for upward movement and 5.81 acting as a critical invalidation point. This structured approach ensures an objective and professional view of the market, empowering traders to align their strategies effectively.