ASX: BRAMBLES LIMITED - BXB Elliott Wave Analysis Day Chart
Greetings! In today's Elliott Wave analysis, we update our outlook on the Australian Stock Exchange (ASX) with a focus on BRAMBLES LIMITED - BXB. We expect a minor decline in BXB shortly, followed by a more substantial upward movement in the third wave.
ASX: BRAMBLES LIMITED - BXB Elliott Wave Technical Analysis
ASX: BRAMBLES LIMITED - BXB 1D Chart (Semilog Scale) Analysis
Function: Major trend (Minuette degree, orange)
Mode: Motive
Structure: Impulse
Position: Wave (iii) - orange
Details: Wave (ii) - orange has likely bottomed at 13.82, with Wave (iii) - orange currently advancing. A long trade setup is being considered.
Invalidation point: 13.82
BRAMBLES LIMITED Stock - TradingLounge (4-Hour Chart)
BXB Elliott Wave Analysis
ASX: BRAMBLES LIMITED - BXB 4-Hour Chart Analysis
Function: Major trend (Minuette degree, orange)
Mode: Motive
Structure: Impulse
Position: Wave i - grey of Wave (iii) - orange
Details: Wave i - grey is approaching completion, with Wave ii - grey expected to develop, indicating a possible decline. Further analysis will be conducted on Wave 2 to pinpoint a long-term trading setup, aiming for an upward push in Wave 3.
Invalidation point: 13.82
Conclusion:
Our comprehensive analysis and forecast of market trends for ASX: BRAMBLES LIMITED - BXB provide valuable insights into current market dynamics and effective trading strategies. We offer specific price levels that serve as validation or invalidation points for our wave count, which enhances the reliability of our analysis. By considering these factors, we aim to deliver the most accurate and professional outlook 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
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