Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis – Daily Chart

BRK.B Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave 5 of (3)

Direction: Upside into wave 5

Details:

• The bullish trend continues as BRK.B moves into wave 5.
• Price targets are projected around $570, reinforcing upside momentum.
• Key support above $500 is crucial to sustain bullish movement and confirm trend strength.

Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis – 1H Chart

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iii) of {iii}

Direction: Upside in wave (iii)

Details:

• The recent uptrend from the January bottom is developing within waves of three and four.
• Further bullish movement is anticipated before reaching a larger-degree top in wave {iii}.

Technical Analyst: Alessio Barretta

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Conclusion

This Elliott Wave analysis examines stock market trends using wave theory, focusing on major equities and ETFs.

• BRK.B, LLY, MELI, and V exhibit strong impulsive waves, signaling continued bullish potential.
• AVY, PG, and SMH display corrective patterns, which require caution for traders.
• Key resistance and support levels play a crucial role in validating future market moves.

This technical analysis offers insights into potential market opportunities and risk management using Elliott Wave principles.