Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) TRANSURBAN GROUP - TCL. We are identifying that TCL has a 2-red wave that opened in the form of a Zigzag, and may soon end, opening up the opportunity to move higher with wave 3-red. We will continuously monitor TCL in the ASX Stocks Top 50 service.

ASX: TRANSURBAN GROUP - TCL Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)

ASX: TRANSURBAN GROUP - TCL Elliott Wave Technical Analysis  

ASX: TRANSURBAN GROUP - TCL1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, red)
Mode: Motive
Structure: Impulse
Position: Wave ((c))-green of Wave 2-red

Latest forecast: Accurate forecast
Details: The short-term outlook indicates that wave 2-red is unfolding, subdividing into waves ((a)) and ((b))-green, which have completed. Now, wave ((c))-green is unfolding, and it appears it will soon conclude, preparing for the resumption of wave 2-red to push higher.
Invalidation point: 11.58

TRANSURBAN-GROUP-1D-...


 

ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)

ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis

ASX: TRANSURBAN GROUP - TCL 4-Hour Chart Analysis

Function: Counter trend (Minute degree, green)
Mode: Corrective
Structure: Zigzag
Position: Wave (iii)-purple of Wave ((c))-green

Details: The short-term outlook suggests that wave 2-red is unfolding, subdividing into either a Zigzag or a Double Zigzag with alternate wave counts. There are some signs indicating that an upward movement may resume, and I will monitor TCL more closely. The overall trend is still bearish, so wave ((c))-green may continue to push lower. However, if the resistance level of 13.49 is surpassed, it will validate the bullish perspective I am mentioning.
Invalidation point: 13.68

Conclusion:  

Our analysis, forecast of contextual trends, and short-term outlook for ASX: RIO TRANSURBAN GROUP – TCL aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.

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

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

Previous:ASX: NATIONAL AUSTRALIA BANK LIMITED - NAB 

TradingLounge Once Off SPECIAL DEAL: Here > 1 month Get 3 months.

TradingLounge's Free Week Extravaganza!

April 14 – 21: Unlock the Doors to Trading Excellence — Absolutely FREE

TRANSURBAN-GROUP-4H-...

Related

RUSSELL 2000 Elliott Wave Technical Analysis: Identifying Key Market Trends and Forecasting Future Movements

RUSSELL 2000 Elliott Wave Technical Analysis: Identifying Key Market Trends and Forecasting Future Movements

The Russell 2000 Elliott Wave analysis with daily and weekly charts, A comprehensive look at the mar...

Read More >
HDFC Bank Stock Analysis: Elliott Wave Chart Insights, Daily & Weekly Trend Forecast, Key Trading Levels, and Market Outlook

HDFC Bank Stock Analysis: Elliott Wave Chart Insights, Daily & Weekly Trend Forecast, Key Trading Levels, and Market Outlook

Elliott Wave analysis of HDFC Bank across daily and weekly timeframes, offering critical insights in...

Read More >
Unveiling Advanced Trading Strategies and Stock Predictions: Analog Devices Inc.(ADI) Stocks Elliott Wave Technical Analysis

Unveiling Advanced Trading Strategies and Stock Predictions: Analog Devices Inc.(ADI) Stocks Elliott Wave Technical Analysis

This article provides a thorough Elliott Wave analysis for Analog Devices Inc. (ADI), offering insig...

Read More >
U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Analysis: Daily Chart Review - February 2, 2024

U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Analysis: Daily Chart Review - February 2, 2024

Unlock profitable trading opportunities with expert insights from the latest USDCHF Elliott Wave Ana...

Read More >
VeChain Crypto Price News Today Elliott Wave Technical Analysis: A Comprehensive Analysis VETUSD Pair

VeChain Crypto Price News Today Elliott Wave Technical Analysis: A Comprehensive Analysis VETUSD Pair

In this article, we provide a comprehensive analysis of VeChain (VETUSD) using Elliott Wave theory. ...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

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

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

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

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • 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