ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our latest Elliott Wave analysis on the Australian Stock Exchange (ASX) focuses on WISETECH GLOBAL LIMITED - WTC. The analysis suggests that WTC.ASX may be initiating a bullish movement within the ((iii))-navy wave.

ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis

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

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy of Wave 3-grey of Wave (3)-orange of Wave ((1))-navy

Details: The analysis indicates that Wave ((ii))-navy may have concluded, with Wave ((iii))-navy potentially unfolding to the upside.

Invalidation Point: 83.11

ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)

ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis

ASX: WISETECH GLOBAL LIMITED - WTC 4-Hour Chart Analysis

Function: Major trend (Intermediate degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy

Details: The analysis suggests that Wave ((ii))-navy concluded as a Double Zigzag at the low of 83.11, with Wave ((iii))-navy likely advancing. The price must stay above 83.11 to uphold this view.

Invalidation Point: 83.11

Conclusion:

Our Elliott Wave analysis for ASX: WISETECH GLOBAL LIMITED - WTC offers valuable insights into market trends and strategies for effective trading. By identifying specific price points as validation or invalidation signals, we enhance the reliability of our wave count. This combination of technical analysis and market insight aims to provide a professional and objective perspective on WTC's 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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