ASX: REA GROUP LTD - REA Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REA GROUP LTD - REA. We see that REA could push even higher with the third wave of the third wave.

ASX: REA GROUP LTD - REA Elliott Wave Technical Analysis

ASX: REA GROUP LTD - REA 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, gray)

Mode: Motive

Structure: Impulse

Position: Wave (iii) - orange of Wave 3 - gray

Details: The short-term outlook shows that wave iii - gray is unfolding to push higher, while the price should stay above 181.68.

Invalidation point: 181.68

REA-Group-Ltd-1D-Asx...


ASX: REA GROUP LTD (REA) Stock Analysis TradingLounge (4-Hour Chart)

ASX: REA GROUP LTD - REA Elliott Wave Technical Analysis

ASX: REA GROUP LTD - REA 4-Hour Chart Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave (iii) - orange of Wave ((iii)) - navy of Wave 3 - gray

Details: Wave (iii) - orange of wave ((iii)) - navy is opening up to push higher. It is important that the price remains above 189.80 to maintain this view.

Invalidation point: 189.80

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

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

Previous: ASX: RIO TINTO LIMITED - RIO 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

REA-Group-Ltd-4h-Asx...

 


Conclusion

Our analysis and forecast of contextual trends, along with the short-term outlook for ASX: REA GROUP LTD - REA, 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.

Related

GBPUSD Forex Elliott Wave Analysis: Expert Insights on Technical Trends, Invalidation Levels, and Ongoing Price Action

GBPUSD Forex Elliott Wave Analysis: Expert Insights on Technical Trends, Invalidation Levels, and Ongoing Price Action

This article provides a detailed GBPUSD Elliott Wave analysis for both daily and 4-hour charts. It h...

Read More >
Copper Elliott Wave Technical Analysis: Price Forecast, Key Levels, and Commodity Market Trends

Copper Elliott Wave Technical Analysis: Price Forecast, Key Levels, and Commodity Market Trends

This article provides a detailed Elliott Wave analysis of copper, highlighting key market trends, pr...

Read More >
BTCUSD Elliott Wave Analysis: Corrective Zigzag Pattern Unfolds - TradingLounge Insights 7 February 24

BTCUSD Elliott Wave Analysis: Corrective Zigzag Pattern Unfolds - TradingLounge Insights 7 February 24

Discover insights into BTCUSD Elliott Wave Analysis dated 7 February 24 by TradingLounge, delving in...

Read More >
Commodity Market Update: Elliott Wave Analysis and Outlook

Commodity Market Update: Elliott Wave Analysis and Outlook

Commodity Market Elliott Wave Analysis Update: The dollar and yields are on the rise, while gold, si...

Read More >
Unlock Euro/ U.S. Dollar (EURUSD) Elliott Wave Technical Analysis: Daily Chart Insights and Forex Trading Strategies

Unlock Euro/ U.S. Dollar (EURUSD) Elliott Wave Technical Analysis: Daily Chart Insights and Forex Trading Strategies

This in-depth EURUSD Elliott Wave analysis provides a clear overview of the daily and 4-hour chart t...

Read More >
U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Technical Analysis 1 December 23

U.S.Dollar/Swiss Franc(USDCHF) Elliott Wave Technical Analysis 1 December 23

U.S.Dollar and Swiss Franc USDCHF Elliott Wave Analysis Trading Lounge Day chart and 4-Hour Chart da...

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