Introduction Our Elliott Wave analysis for the Australian Stock Exchange (ASX) highlights the WESTPAC BANKING CORPORATION (WBC). We anticipate that WBC is poised to move higher with wave ((v)) - navy.

ASX: WESTPAC BANKING CORPORATION 1D Chart Analysis

Elliott Wave Analysis of WBC 1-Day Chart Analysis

WBC Elliott Wave Technical Analysis

Function: Major trend (Minute degree, green)

Mode: Motive

Structure: Impulse

Position: Wave ((v)) - navy

Details: Wave ((iv)) - navy concluded at the low of 26.75. Following this, wave ((v)) - navy is expected to push higher. The invalidation point for this analysis is 26.75.

Westpac-Banking-Corp...

 


 

TradingLounge ASX Elliott Wave Analysis: WESTPAC BANKING CORPORATION

WBC 4-Hour Chart Analysis

WBC Asx Stock Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave ((v)) - navy

Details: Wave ((iv)) - navy ended as a Triangle at the low of 26.75. Currently, wave ((v)) - navy is unfolding to push even higher. The price must stay above 26.75 to maintain this outlook. The invalidation point for this analysis is 26.75.

Conclusion

Our analysis and short-term forecast for ASX: WESTPAC BANKING CORPORATION (WBC) provide insights into current market trends. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing confidence in our perspective. Combining these factors, we aim to present an objective and professional view 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: SOUTH32 Limited 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

Westpac-Banking-Corp...

Related

XRP Ripple Elliott Wave Analysis:  Market Trends, Support & Resistance Levels, and Technical Forecast for XRPUSD

XRP Ripple Elliott Wave Analysis: Market Trends, Support & Resistance Levels, and Technical Forecast for XRPUSD

XRP Elliott Wave analysis, highlighting the current XRPUSD price movement, key support and resistanc...

Read More >
Elliott Wave Analysis of Microsoft (MSFT) Stock with Forecast, Chart Patterns, and Technical Outlook for Smart Trading

Elliott Wave Analysis of Microsoft (MSFT) Stock with Forecast, Chart Patterns, and Technical Outlook for Smart Trading

Elliott Wave analysis of Microsoft (MSFT), including both daily and 1-hour chart insights. Learn abo...

Read More >
Watch Silver (XAGUSD) Commodity Market With Silver Elliott Wave Technical Analysis: Price Forecast and Bullish Outlook

Watch Silver (XAGUSD) Commodity Market With Silver Elliott Wave Technical Analysis: Price Forecast and Bullish Outlook

This comprehensive Silver Elliott Wave analysis provides insights into the latest market trends, pri...

Read More >
Gold Hits Record High! Elliott Wave Analysis Suggests Bullish Trend Could Extend Beyond $2,900 – Key Trading Opportunities Ahead

Gold Hits Record High! Elliott Wave Analysis Suggests Bullish Trend Could Extend Beyond $2,900 – Key Trading Opportunities Ahead

Gold has reached a new all-time high, confirming the continuation of its bullish trend. According to...

Read More >
McDonald’s Corp.(MCD:NYSE) Elliott Wave Technical Analysis 22 January 24

McDonald’s Corp.(MCD:NYSE) Elliott Wave Technical Analysis 22 January 24

McDonald’s Corp.(MCD: NYSE) Elliot Wave Technical Analysis dated 22 January 24, TradingLounge Stock...

Read More >
Soybean Commodity Market's Elliott Wave Structure: Examining the Ongoing Bearish Trend and Forecasting Future Movements

Soybean Commodity Market's Elliott Wave Structure: Examining the Ongoing Bearish Trend and Forecasting Future Movements

This analysis dives into the soybean market's Elliott Wave structure, examining the ongoing bear...

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