ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW Elliott Wave Technical Analysis | TradingLounge
Our latest Elliott Wave update for UNIBAIL‑RODAMCO‑WESTFIELD (ASX: URW) highlights the medium-term bullish potential of URW stock. Based on our current wave analysis, URW appears to be in the early stages of a fifth wave, suggesting upward momentum. However, short-term indicators do not support immediate buying opportunities. This technical review outlines the reasoning in detail.
ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW 1D Chart Analysis (Semilog Scale)
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave 2-grey within Wave 5-orange
Key Insights:
Wave 4-orange concluded at a low of 6.39, forming a contracting triangle pattern labeled A, B, C, D, E-grey.
Currently, Wave 5-orange is progressing higher, aiming for the next significant resistance near 8.52.
Wave 5-orange remains active, suggesting further upside potential.
Critical Invalidation Level: 6.39
ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW 4-Hour Chart Analysis
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave c-orange of Wave b-navy of Wave 2-grey
Key Insights:
Wave 1-grey is complete as a classic five-wave structure.
Wave 2-grey is unfolding as a corrective zigzag, marked a-b-c-navy.
Within this, Wave B-navy shows traits of an expanded flat and may be followed by a downward move in Wave c-navy.
Critical Invalidation Level: 6.39
Technical Analyst: Hua (Shane) Cuong, CEWA‑M (Certified Elliott Wave Analyst – Master Level)
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Conclusion:
Our comprehensive Elliott Wave outlook on ASX: URW (UNIBAIL‑RODAMCO‑WESTFIELD) delivers a professional view of current market momentum and possible price action scenarios. With key validation and invalidation levels identified, this forecast aims to strengthen decision-making for traders. Monitoring these wave structures enables better alignment with potential medium-term gains while recognizing near-term risks.