ASX: BLOCK, INC - XYZ (SQ2) Elliott Wave Technical Analysis – TradingLounge (1D Chart)

Greetings,
This updated Elliott Wave outlook offers a detailed forecast for ASX-listed BLOCK, INC - XYZ (SQ2).
Current analysis suggests a bullish Elliott Wave structure in progress, specifically with wave 3) orange active.
Forecasted price targets range between 125.44 and 159.74. This technical breakdown highlights trend projections, price validation zones, and key resistance levels crucial for sustaining a bullish trend in ASX:XYZ.

ASX: BLOCK, INC - XYZ (SQ2) Elliott Wave Analysis – 1D Chart (Semilog Scale)

Function: Major Trend (Intermediate Degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave 3) Orange

Details:

• Since hitting the low of 61.42, wave 1) orange appears complete. The market then developed wave 2) orange, which likely ended near 84.83.
• This setup opens the pathway for wave 3) orange, expected to aim toward the 125.44 – 159.74 target zone.
• The bullish scenario remains valid as long as price action stays above the 84.83 invalidation level.

Invalidation Point: 84.83

ASX: BLOCK, INC - XYZ (SQ2) Elliott Wave Analysis – TradingLounge (4H Chart)

Function: Major Trend (Intermediate Degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave 3) Orange

Details:

• This short-term 4-hour chart confirms the 1D projection.
• After bottoming at 61.42, wave 1) orange appears to be finalized, followed by wave 2) orange near 84.83.
• The market is now progressing through wave 3) orange, with targets set between 125.44 and 159.74.
• Holding above the 84.83 support level ensures this bullish pathway remains intact.

Invalidation Point: 84.83

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

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See Previous: NEWMONT CORPORATION Elliott Wave Technical Analysis

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Conclusion:

• Our Elliott Wave forecast for ASX: BLOCK, INC - XYZ (SQ2) delivers a technically grounded market projection supported by clear wave counts and price targets.
• By monitoring the 84.83 invalidation point and the 125.44–159.74 target range, traders gain precise, high-confidence levels for informed decision-making.
• This analysis reinforces a bullish scenario as long as price structure remains above key support.