ASX: BRAMBLES LIMITED - BXB Elliott Wave Analysis by TradingLounge (1D Chart)

Greetings, today's Elliott Wave analysis focuses on BRAMBLES LIMITED (ASX: BXB). Our current assessment indicates that BXB has likely completed wave (ii)-orange, though a further rise is needed to confirm this. We anticipate wave (iii)-orange may soon push higher.

ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis

BXB 1D Chart (Semilog Scale) Analysis:

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave (iii)-orange

Details: The short-term outlook suggests that wave (ii)-orange has ended, with wave c-grey fully breaking down into 5 waves. These positions wave (iii)-orange to potentially push higher.

Invalidation point: 13.88

Brambles-Ltd-1D-asx-...

 


 

ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis (4-Hour Chart)

ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis

BXB 4-Hour Chart Analysis:

Function: Major trend (Subminuette degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((4))-navy of Wave i-grey

Details: The shorter-term outlook shows wave (iii)-orange unfolding higher, subdividing into wave i-grey, nearing completion. Subsequently, wave ii-grey is expected to dip slightly before wave iii-grey advances. A Long Trade Setup will be considered when the Medium Level 15.00 turns into support.

Invalidation point: 13.88

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

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

Previous: ASX LIMITED - ASX Elliott Wave Technical Analysis

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

Brambles-Ltd-4H-asx-...

Conclusion

Our analysis and forecast for ASX: BRAMBLES LIMITED - BXB aim to provide actionable insights into current market trends. Specific price points serve as validation or invalidation signals for our wave count, bolstering our perspective's reliability. By integrating these elements, we offer an objective and professional market trend analysis.

Related

DAX (Germany) Index Elliott Wave Technical Analysis - Best Strategies for buying DAX 40 stocks, and Explore Price Predictions

DAX (Germany) Index Elliott Wave Technical Analysis - Best Strategies for buying DAX 40 stocks, and Explore Price Predictions

Stay up-to-date with the latest in DAX 40 trading and Elliott Wave analysis. This comprehensive guid...

Read More >
New Zealand Dollar/ U.S. Dollar (NZDUSD) Elliott Wave Analysis Predicts Bearish Drop After Ongoing Correction on Daily and 4-Hour Charts

New Zealand Dollar/ U.S. Dollar (NZDUSD) Elliott Wave Analysis Predicts Bearish Drop After Ongoing Correction on Daily and 4-Hour Charts

NZDUSD Elliott Wave Analysis Predicts Bearish Drop After Ongoing Correction on Daily and 4-Hour Char...

Read More >
Investing in Stocks, ETFs, or index funds: S&P 500 Index Elliott Wave Technical Analysis for Bullish and Bearish Markets

Investing in Stocks, ETFs, or index funds: S&P 500 Index Elliott Wave Technical Analysis for Bullish and Bearish Markets

Explore in-depth S&P 500 Elliott Wave analysis with a focus on trading strategies and investment tip...

Read More >
Understand Market Movements or Navigate the France Index Market with CAC 40 Index Elliott Wave Technical Analysis

Understand Market Movements or Navigate the France Index Market with CAC 40 Index Elliott Wave Technical Analysis

This article provides a detailed analysis of the CAC 40 index, offering insights into trading strate...

Read More >
MicroStrategy Inc. (MSTR) Elliott Wave Forecast Shows Bullish Trend With Fibonacci Target

MicroStrategy Inc. (MSTR) Elliott Wave Forecast Shows Bullish Trend With Fibonacci Target

MicroStrategy (MSTR) is unfolding a bullish five-wave Elliott structure, nearing a major top before ...

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