ASX LIMITED - ASX Elliott Elliott Wave Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED - ASX. We observe that ASX LIMITED is approaching the end of wave 2-grey, but needs more evidence on price action for confirmation, also allowing wave 3-grey to be opened to push higher thereafter.

ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis

ASX: ASX LIMITED - ASX 1D Chart (Semilog Scale) Analysis

Function: Major (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave 3-grey

Details: The short-term outlook shows some evidence that wave 2-grey has ended. Wave 3-grey appears to be unfolding to push higher.

Invalidation point: 58.17

Asx-Limited-1D-Asx-C...


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

ASX: ASX LIMITED - ASX 4-Hour Chart Analysis

Function: Major Trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave iii-grey of Wave (iii)-orange

Details: The shorter-term outlook shows that wave (iii)-orange is unfolding, and it is subdividing into waves i, ii, iii-grey. Now wave iii-grey continues to push higher, aiming for targets like 62.07 or 62.99 or even beyond.

Invalidation point: 59.06

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

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

Previous: V300AEQ ETF UNITS – VAS 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

Asx-Limited-4hr-Asx-...

Conclusion

Our analysis and forecast of contextual trends, along with the short-term outlook for ASX: ASX LIMITED - ASX, 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 confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.

Related

Bitcoin Crypto Price News Today - Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis

Bitcoin Crypto Price News Today - Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis

Dive into the world of cryptocurrency with our Elliott Wave Analysis for Bitcoin (BTCUSD). This guid...

Read More >
S&P/TSX 60 Elliott Wave Analysis: Technical Market Trends, Trading Insights, Stock Forecast & Risk Management

S&P/TSX 60 Elliott Wave Analysis: Technical Market Trends, Trading Insights, Stock Forecast & Risk Management

Elliott Wave Analysis of the S&P/TSX 60 index provides key insights into market trends, corrective p...

Read More >
Australian Dollar/U.S. Dollar (AUDUSD) Elliott Wave Analysis: Forecast Trends and Market Outlook for Forex Traders

Australian Dollar/U.S. Dollar (AUDUSD) Elliott Wave Analysis: Forecast Trends and Market Outlook for Forex Traders

AUDUSD Elliott Wave analysis provides a detailed outlook on market trends, including wave counts, tr...

Read More >
Unlocking Market Potential: U.S.Dollar/Japanese Yen (USDJPY) Elliott Wave Analysis - Feb 12, 2024

Unlocking Market Potential: U.S.Dollar/Japanese Yen (USDJPY) Elliott Wave Analysis - Feb 12, 2024

Gain valuable insights into the USDJPY currency pair with comprehensive Elliott Wave analyses conduc...

Read More >
Detailed Elliott Wave Analysis of ASX Sonic Healthcare Limited (SHL) with Stock Forecasts, Price Targets, and Market Predictions

Detailed Elliott Wave Analysis of ASX Sonic Healthcare Limited (SHL) with Stock Forecasts, Price Targets, and Market Predictions

This detailed Elliott Wave analysis of ASX Sonic Healthcare Limited (SHL) provides insights into the...

Read More >
"SP500 & NASDAQ Wave Insights: Stay Ahead of Key Market Shifts"

"SP500 & NASDAQ Wave Insights: Stay Ahead of Key Market Shifts"

The blog provides a comprehensive look at Elliott Wave trading strategies for major indices like SP5...

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