ASX: CSL LIMITED – Elliott Wave Technical Analysis (1D Chart)

Greetings! In this Elliott Wave analysis, we update the technical outlook for CSL Limited (ASX: CSL) on the Australian Stock Exchange (ASX). The current pattern suggests that CSL may be advancing within wave ((iii))-navy.

ASX: CSL LIMITED Elliott Wave Technical Analysis

ASX: CSL LIMITED – 1D Chart (Semilog Scale) Analysis

Function: Major Trend (Minute Degree, Navy)

Mode: Motive

Structure: Impulse

Position: Wave ((5))-navy of Wave iii-grey of Wave ((iii))-navy

Details: Wave ((4))-navy has recently concluded, and Wave ((5))-navy is now unfolding, suggesting a continued upward movement. The prior long trade remains strong and effective.

Invalidation Point: 296.91

CSL-LIMITED-1D-ASX-C...


ASX: CSL LIMITED – Elliott Wave Technical Analysis (4-Hour Chart)

ASX: CSL LIMITED – 4-Hour Chart Analysis

Function: Major Trend (Minuette Degree, Orange)

Mode: Motive

Structure: Impulse

Position: Wave ((5))-navy of Wave iii-gray of Wave ((iii))-navy

Details: Similar to the daily chart, Wave ((4))-navy has completed, and Wave ((5))-navy is progressing, likely driving the price towards the target range of 320.00 - 325.26. The price must stay above 296.91 to sustain this bullish outlook.

Invalidation Point: 296.91

Conclusion

Our analysis of CSL Limited (ASX: CSL) focuses on providing insights into current market trends, helping traders make informed decisions. We offer key price points that validate or invalidate our wave count, enhancing confidence in our forecast. This approach aims to deliver an objective and professional view of market movements.

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

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

Previous:  ASX 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

CSL-LIMITED-4HR-ASX-...

Related

Wheat Commodity Elliott Wave Technical Analysis: Bullish Corrections and Future Price Movements in Wheat Futures

Wheat Commodity Elliott Wave Technical Analysis: Bullish Corrections and Future Price Movements in Wheat Futures

Our latest wheat price forecast for 2024 is based on Elliott Wave analysis, highlighting key market ...

Read More >
Elliott Wave Technical Analysis Reveals AUDJPY Trading Trends and Forecasts

Elliott Wave Technical Analysis Reveals AUDJPY Trading Trends and Forecasts

Our AUD/JPY Elliott Wave Analysis on the 4-hour chart suggests a trend scenario marked by impulsive ...

Read More >
Forex Trading Strategy and Price Predictions for the British Pound to Australian Dollar Pair Based on Technical Analysis

Forex Trading Strategy and Price Predictions for the British Pound to Australian Dollar Pair Based on Technical Analysis

Get an in-depth look at GBPAUD Elliott Wave analysis with insights into current trends, forecasts, a...

Read More >
Mastering ChainLink: In-Depth Crypto Price News Today Elliott Wave Technical Analysis

Mastering ChainLink: In-Depth Crypto Price News Today Elliott Wave Technical Analysis

This article provides a detailed Elliott Wave analysis of ChainLink (LINKUSD), offering key insights...

Read More >
Unlocking ASX Trading Success: TRANSURBAN GROUP – TCL Stock Analysis & Elliott Wave Technical Forecast

Unlocking ASX Trading Success: TRANSURBAN GROUP – TCL Stock Analysis & Elliott Wave Technical Forecast

The Transurban Group's stock performance (TCL) on the ASX through the lens of Elliott Wave theor...

Read More >
Wesfarmers Limited (WES) Stock: Key Elliott Wave Analysis & WES Share Price Predictions and Explore Strategies on ASX

Wesfarmers Limited (WES) Stock: Key Elliott Wave Analysis & WES Share Price Predictions and Explore Strategies on ASX

This detailed analysis focuses on Wesfarmers Limited (WES) stock using Elliott Wave theory to provid...

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