ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis1D Chart AnalysisGreetings,Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with TRANSURBAN GROUP (TCL). We observe TCL potentially bullish within the third wave of the third wave.ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis1D Chart (Semilog Scale) Analysis
Details:
TCL has performed well since the last forecast. Since the low of 11.92, wave 3 – grey is unfolding to push higher. I will look for a Setup Long Trade after an ABC Correction is completed.
ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis4-Hour Chart AnalysisASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis4-Hour Chart Analysis
Details:
Since the 11.92 low, the (i) – orange wave opened and may have ended. Now, the (ii) – orange wave is unfolding to push lower, aiming for a target around 12.49 – 12.35. Wave (iii) – orange can then return to push higher. I will look for a Setup Long Trade after an ABC Correction is completed.
Conclusion
Our analysis and forecast of contextual trends and short-term outlook for ASX: TRANSURBAN GROUP – TCL aim to provide readers with insights into 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.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation)More By This Author:Elliott Wave Analysis: Nasdaq Tech Stocks & SP500 Correction Phase Strategies
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