ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis (1D Chart)

Greetings, our Elliott Wave analysis updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We confirm that wave 2-red has ended, and wave 3-red is opening to push higher.

ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis

ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy of Wave 3-grey

Details: The short-term outlook shows that wave ((ii))-navy has ended, and wave ((iii))-navy is pushing higher. Price must remain above 94.64 to maintain this view.

Invalidation point: 94.64

ASX: TradingLounge – VAS Elliott Wave Analysis (4-Hour Chart)

ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis

ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave (i)-orange of Wave ((iii))-navy

Details: The shorter-term outlook shows that wave ((i))-navy ended at 94.64, and wave ((iii))-navy is unfolding. It is subdividing into wave (i)-orange, which will push higher, then wave (ii)-orange will push lower, followed by wave (iii)-orange pushing VAS much higher.

Invalidation point: 94.64

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

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

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Conclusion:

Our analysis and forecast of contextual trends, along with the short-term outlook for ASX: V300AEQ ETF UNITS – VAS, aim to provide insights into current market trends. We offer specific price points as validation or invalidation signals for our wave count, enhancing confidence in our perspective. By combining these factors, we strive to offer the most objective and professional perspective on market trends.