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

Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that wave 2-grey has ended and wave 3-grey is unfolding to push higher. Sub-waves are developing in the form of wave ((i)), ((ii))-navy, and have ended. Wave ((iii))-navy may be unfolding 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 just ended and it seems that wave ((iii))-navy is opening to push higher. The price must always maintain above 94.64 to maintain this outlook.

Invalidation point: 94.64

ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis TradingLounge (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 c-grey of Wave (ii)-orange of Wave ((iii))-navy

Details: The shorter-term outlook shows that wave ((i))-navy has just ended at 94.64 and wave ((iii))-navy is unfolding. It is subdividing into wave (i)-orange, and it's over. Now, it's time for wave (ii)-orange to open up to push a little lower, after which wave (iii)-orange can return to push higher.

Invalidation point: 94.64

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

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Conclusion:

Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS 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.