Berkshire Hathaway Inc. (BRK.B) – Elliott Wave Analysis (Daily Chart)
BRK.B Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave 3 of (5)
Direction: Upside into Wave 3
Details:
- Expecting continued bullish movement as Minor Wave 3 extends toward TradingLevel5 at $500.
- Looking for a clear subdivision within Wave 3, which would confirm the strength of the ongoing uptrend.
Summary of BRK.B Elliott Wave Analysis (Daily Chart)
Berkshire Hathaway (BRK.B) maintains an impulsive wave structure within Wave 3 of (5), reinforcing the motive phase. The stock is gaining momentum within Minor Wave 3, with a projected target near $500. The continuation of Wave 3 suggests further upside potential, with internal subdivisions expected as the trend develops.
Berkshire Hathaway Inc. (BRK.B) – Elliott Wave Analysis (1H Chart)
BRK.B Elliott Wave Technical Analysis
Function: Trend
Mode: Impulsive
Structure: Motive
Position: Wave {iii} of 3
Direction: Upside in Wave {iii}
Details:
- Wave {iii} is developing, with a potential for one additional upward leg into Wave (v) of {iii}.
- Watching for subdivisions in Wave {iii}, which will confirm the next stage of bullish momentum.
Summary of BRK.B Elliott Wave Analysis (1H Chart)
On the 1-hour chart, BRK.B continues its impulsive progression in Wave {iii} of 3. The wave structure indicates further bullish potential, with one last leg likely to complete Wave (v) of {iii}. This suggests more upside movement in the near term, reinforcing the overall uptrend.
Technical Analyst: Alessio Barretta
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