18Jan

Elliott Wave Technical Analysis of ASX: Origin Energy Limited (ORG) – Stock Trends, and Trading Strategies for Informed Decisions

ASX: ORIGIN ENERGY LIMITED – ORG Elliott Wave Technical Analysis

Greetings, today’s Elliott Wave analysis for the Australian Stock Exchange (ASX) focuses on ORIGIN ENERGY LIMITED – ORG. Our insights highlight ASX:ORG moving significantly higher within wave (iii)-orange of wave ((iii))-navy. This technical review addresses whether now is an ideal time to go long or identifies the optimal entry points alongside key visual markers to confirm potential future trends.


ASX: ORIGIN ENERGY LIMITED – ORG 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave (iii)-orange of Wave ((iii))-navy

Details:

  • Wave ((ii))-navy concluded at 9.45, initiating wave ((iii))-navy, which is currently extending higher.
  • Wave (iii)-orange, as part of this larger structure, is expected to unfold further upward.
  • A more granular view through the 4H chart analysis will provide actionable "go long" setups.

Invalidation Point: 10.25

origin-energy-limite...


ASX: ORIGIN ENERGY LIMITED – ORG 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave i-grey of Wave (iii)-orange

Details:

  • Wave iii-grey within wave (iii)-orange is advancing upward.
  • Wave i-grey is nearing completion, with a possible three-wave correction (wave ii-grey) to follow.
  • Once price forms a bounce and establishes 11.00 as a tested support level, it provides a favorable and safer long position.

Invalidation Point: 10.25
Key Point: Wave b of Wave ii-grey

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

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

See Previous: COLES GROUP LIMITED – COL 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 analysis for ASX: ORIGIN ENERGY LIMITED – ORG aims to deliver actionable insights into current and future market trends. By identifying specific price levels for validation and invalidation of our wave count, we enhance confidence in the forecast. These insights, combined with a detailed review of Elliott Wave structures, help traders make informed decisions about capitalizing on upcoming market movements effectively.

Related

WTI Price Predictions, and Trading Strategies to navigate the oil Market effectively: Crudeoil Commodity Elliott Wave Technical Analysis

WTI Price Predictions, and Trading Strategies to navigate the oil Market effectively: Crudeoil Commodity Elliott Wave Technical Analysis

Discover the comprehensive analysis of WTI crude oil with our Elliott Wave technical forecast. Under...

Read More >
Our Technical Insights Include Detailed Chart Analysis: CSL LIMITED – CSL Stock Analysis & Elliott Wave Technical Forecast

Our Technical Insights Include Detailed Chart Analysis: CSL LIMITED – CSL Stock Analysis & Elliott Wave Technical Forecast

Explore our comprehensive Elliott Wave analysis of CSL LIMITED (ASX: CSL), focusing on the latest st...

Read More >
Our analysis includes daily and 4-hour chart insights: NVIDIA Corp.(NVDA) Stocks Elliott Wave Technical Analysis

Our analysis includes daily and 4-hour chart insights: NVIDIA Corp.(NVDA) Stocks Elliott Wave Technical Analysis

Explore our detailed NVIDIA Elliott Wave Analysis to understand the current and potential future mov...

Read More >
Unlocking ASX Trading Success: COCHLEAR LIMITED - COH Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: COCHLEAR LIMITED - COH Stock Analysis & Elliott Wave Technical Forecast

This comprehensive analysis offers a detailed look at COCHLEAR LIMITED (COH) through the lens of Ell...

Read More >
S&P/TSX 60 Elliott Wave Analysis Reveals Bullish Trend, Strategic Trading Opportunities, and Key Market Forecasts for Canadian Stocks

S&P/TSX 60 Elliott Wave Analysis Reveals Bullish Trend, Strategic Trading Opportunities, and Key Market Forecasts for Canadian Stocks

Elliott Wave analysis of the S&P/TSX 60 index, showcasing a bullish trend, technical wave counts, an...

Read More >
An in-depth look at The TJX Companies Inc.(TJX) Stocks Technical Analysis through the lens of Elliott Wave theory

An in-depth look at The TJX Companies Inc.(TJX) Stocks Technical Analysis through the lens of Elliott Wave theory

This analysis provides an in-depth look at TJX Companies Inc. through the lens of Elliott Wave theor...

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