16Dec

ASX Aristocrat Leisure Limited Elliott Wave Technical Forecast: Price Predictions, Trends and Trading Strategies for ASX: ALL

ASX: Aristocrat Leisure Limited (ALL) Elliott Wave Technical Analysis

Greetings! Today's Elliott Wave analysis updates the Australian Stock Exchange (ASX) Aristocrat Leisure Limited – ALL. Based on our insights, ASX:ALL is nearing the completion of a Triangle formation, signaling a potential upward movement in the short term.


ASX: Aristocrat Leisure Limited - ALL 1D Chart (Semilog Scale) Analysis

Function: Major Trend (Minor Degree, Grey)

Mode: Motive

Structure: Impulse

Position: Wave (v)-Orange of Wave ((v))-Navy

Details:

  • Wave ((v))-Navy is projected to push higher, potentially reaching the upper boundary of the channel.
  • The price must stay above 65.92 to maintain this bullish perspective.
  • If the price dips below 65.92, it would suggest that Wave 3-Grey has concluded, and Wave 4-Grey is unfolding.

Key Invalidation Point: 65.92

ARISTOCRAT-LEISURE-L...


ASX: Aristocrat Leisure Limited - ALL 4-Hour Chart Analysis

Function: Major Trend (Minor Degree, Grey)

Mode: Motive

Structure: Impulse

Position: Wave ((e))-Navy of Wave IV-Grey

Details:

  • Wave III-Grey has concluded, and Wave IV-Grey is forming as a Triangle labeled ((a))((b))((c))((d))((e))-Navy.
  • The Triangle is likely nearing its completion, suggesting a short-term upward advance with Wave V-Grey.

Key Invalidation Point: 65.92

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

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

See Previous: COMMONWEALTH BANK OF AUSTRALIA (CBA) 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

ARISTOCRAT-LEISURE-L...


Conclusion

Our Elliott Wave analysis provides a structured forecast of trends for ASX: Aristocrat Leisure Limited (ALL). By identifying specific price levels as validation or invalidation points, we aim to increase confidence in our perspective and help readers capitalize on actionable insights. Our analysis incorporates both contextual and short-term market trends, delivering a professional and objective outlook.

Related

GBPUSD Forex Elliott Wave Analysis: Expert Insights on Technical Trends, Invalidation Levels, and Ongoing Price Action

GBPUSD Forex Elliott Wave Analysis: Expert Insights on Technical Trends, Invalidation Levels, and Ongoing Price Action

This article provides a detailed GBPUSD Elliott Wave analysis for both daily and 4-hour charts. It h...

Read More >
USDCAD Elliott Wave Forecast Reveals Bearish Trend with Key Impulse structures guiding the outlook and Trading Insights

USDCAD Elliott Wave Forecast Reveals Bearish Trend with Key Impulse structures guiding the outlook and Trading Insights

This analysis of the USDCAD using Elliott Wave theory forecasts a continued bearish trend with impul...

Read More >
NIFTY 50 Elliott Wave Analysis – Market Trend Forecast, Impulse & Corrective Waves, Trading Signals, and Stock Market Predictions

NIFTY 50 Elliott Wave Analysis – Market Trend Forecast, Impulse & Corrective Waves, Trading Signals, and Stock Market Predictions

NIFTY 50 Elliott Wave analysis, highlighting market trends, impulse waves, and corrective structures...

Read More >
Euro/U.S.Dollar(EURUSD) Elliott Wave Technical Analysis 6 December 23

Euro/U.S.Dollar(EURUSD) Elliott Wave Technical Analysis 6 December 23

EURUSD Elliott Wave Analysis Trading Lounge Day Chart for 6 December 23, delves into the Euro/U.S. D...

Read More >
New Zealand Dollar/U.S.Dollar Forex Currency Pair | NZDUSD Elliott Wave Technical Analysis

New Zealand Dollar/U.S.Dollar Forex Currency Pair | NZDUSD Elliott Wave Technical Analysis

Our in-depth NZDUSD Elliott Wave analysis provides essential insights into the daily and 4-hour char...

Read More >
NIFTY 50 Elliott Wave Analysis: Market Forecast, Key Levels, Trading Strategy & Price Prediction Daily & 4H Chart Insights

NIFTY 50 Elliott Wave Analysis: Market Forecast, Key Levels, Trading Strategy & Price Prediction Daily & 4H Chart Insights

The NIFTY 50 INDEX is currently in a corrective wave structure, approaching the 22,000 - 22,100 zone...

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