BRK.B Elliott Wave Analysis Trading Lounge Daily Chart, 12 February 24

Berkshire Hathaway Inc., (BRK.B) Daily Chart

BRK.B Elliott Wave Technical Analysis

Tradinglounge BRK.B Daily Chart: Riding the Wave of Positivity

Analyzing the daily chart, BRK.B exhibits a compelling Elliott Wave structure.

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION: Minor wave 5 of (1).

DIRECTION: Upside to top in wave {iii}.  

DETAILS: Details reveal an exciting prospect of an upside move into wave {iii} of 5. A noteworthy observation is the equality between waves 5 and 1, a respected Fib ratio that often positions itself around $408. This level becomes crucial as it marks a potential top for wave {iii} of 5, initiating a slowdown in the prevailing trend.

BRK-B-day-stock-char...

 


 

BRK.B Elliott Wave Analysis Trading Lounge 4Hr Chart, 12 February 24

Berkshire Hathaway Inc., (BRK.B) 4Hr Chart

BRK.B Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (iii) of {iii}.  

DIRECTION: Upside into wave v of (iii).  

DETAILS: We seem to be in the final stages of wave iv of (iii), therefore we are expecting further upside into wave (iii) to then expect a series of threes and fours.

The chart analysis suggests that the market is in the final stages of wave iv of (iii), setting the stage for further upward movements. Investors can expect an extension of the positive trend into wave (iii), followed by a sequence of threes and fours.

Technical Analyst: Alessio Barretta

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

See Previous: The Procter & Gamble Company (PG)

BRK-B-4h-stock-chart...

 


 

Welcome to our BRK.B Elliott Wave Analysis Trading Lounge, where we provide detailed insights into Berkshire Hathaway Inc. (BRK.B) using Elliott Wave Technical Analysis. As of the Daily Chart on 12th February 2024, we delve into crucial developments shaping the market.

* BRK.B Elliott Wave Technical Analysis – Daily Chart*

In terms of wave dynamics, we identify a prevailing impulse function with a motive structure. The current position is in Minor wave 5 of (1), indicating an upside trajectory towards the top in wave {iii}. Our focus is on the anticipated upside movement into wave {iii} of 5, with the equality of wave 5 versus wave 1 standing at $408, a significant Fib ratio often respected between waves ones and fives. We anticipate a potential top in wave {iii} of 5 around this level, signaling a slowdown in the trend.

* BRK.B Elliott Wave Technical Analysis – 4Hr Chart*

Here, the wave function maintains its impulsive nature with a motive structure. The current position is in Wave (iii) of {iii}, suggesting further upside into wave v of (iii). As we approach the final stages of wave iv of (iii), we anticipate additional upside momentum into wave (iii), followed by a series of corrective threes and fours.

Related

Eaton Corp. PLC (ETN) Stocks Elliott Wave Technical Analysis: Focusing on its technical patterns through daily and 4-hour charts.

Eaton Corp. PLC (ETN) Stocks Elliott Wave Technical Analysis: Focusing on its technical patterns through daily and 4-hour charts.

This article provides a comprehensive Elliott Wave analysis of Eaton Corp. PLC (ETN), focusing on it...

Read More >
Stock Analysis: The Procter & Gamble Company (PG) Elliott Wave Technical Analysis 1 March 24

Stock Analysis: The Procter & Gamble Company (PG) Elliott Wave Technical Analysis 1 March 24

In our PG Elliott Wave Analysis Trading Lounge, we provide comprehensive insights into The Procter &...

Read More >
Elliott Wave Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100 & ASX 200 – Key Market Trends & Trade Setups

Elliott Wave Analysis: S&P 500, NASDAQ 100, DAX 40, FTSE 100 & ASX 200 – Key Market Trends & Trade Setups

Elliott Wave Market Outlook & Trading Strategy The S&P 500 (SPX) and NASDAQ 100 (NDX) are in an A-B...

Read More >
Mastering U.S.Dollar/Japanese Yen (USDJPY) Elliott Wave Analysis: Unveils Key Insights and Trading Strategies

Mastering U.S.Dollar/Japanese Yen (USDJPY) Elliott Wave Analysis: Unveils Key Insights and Trading Strategies

Our USDJPY Elliott Wave Analysis provides traders with invaluable insights for navigating the forex ...

Read More >
Northern Star Resources NST Elliott Wave Technical Analysis to Help Guide Your Investment Decisions in the ASX Market

Northern Star Resources NST Elliott Wave Technical Analysis to Help Guide Your Investment Decisions in the ASX Market

Our detailed Elliott Wave analysis of Northern Star Resources (NST.ASX) highlights current market tr...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competive edge with expert insights in to:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • 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