BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis TradingLounge
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Today's Elliott Wave analysis focuses on BRAMBLES LIMITED (ASX:BXB), traded on the Australian Stock Exchange. Based on our assessment, ASX:BXB may be gearing up for a potential upward move with a ((3))-navy wave in progress.
BRAMBLES LIMITED - BXB 1D Chart (Semilog Scale) Analysis
Function: Major Trend (Minuette Degree, Orange)
Mode: Motive
Structure: Impulse
Position: Wave ((2))-navy of Wave v-grey
Details:
- The v-grey wave appears to be extending.
- It is currently near completion of the ((2))-navy wave.
- Once completed, the ((3))-navy wave could initiate a strong upward move.
Invalidation Point: 17.80
BRAMBLES LIMITED - BXB 4-Hour Chart Analysis
Function: Major Trend (Minor Degree, Grey)
Mode: Motive
Structure: Impulse
Position: Wave (y)-orange of Wave ((2))-navy
Details:
- The ((1))-navy wave of the v-grey sequence has completed.
- The ongoing ((2))-navy wave is pushing lower and may be developing as a complex Double Three pattern.
- The wave (y)-orange likely requires additional time to finalize.
- A ((3))-navy wave may begin once the price breaks above the 19.65 high, signaling upward momentum.
Key Levels to Watch:
- Invalidation Point: 17.80
- Confirmation Point: 19.65
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
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Conclusion
Our Elliott Wave analysis offers a clear and structured forecast for BRAMBLES LIMITED - BXB. By identifying specific price points for confirmation (19.65) and invalidation (17.80), we provide actionable insights into the current market trends. This enhances confidence in our wave count and trading outlook.
Our goal is to help traders and investors capitalize on emerging opportunities in BRAMBLES LIMITED while maintaining a professional, objective view of the market.