ASX: ASX LIMITED – ASX  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ASX LIMITED – ASX . We see ASX LIMITED could soon move higher with wave ((iii))-navy.ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis  ASX: ASX LIMITED – ASX  1D Chart (Semilog Scale) AnalysisFunction: Major (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave (y)-orange of Wave ((ii))-navy of Wave 3-grey   Details: Wave ((ii))-navy is extending to push lower as a Double Three, it could target the lows of 59.90 – 58.40, then wave ((iii))-navy could turn around to push higher. While price must stay above the high of 56.54 to maintain this view. Invalidation point: 56.54ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis ASX: ASX LIMITED – ASX  4-Hour Chart AnalysisFunction: Major Trend (Minute degree, navy)  Mode: Motive   Structure: Impulse  Position: Wave (y)-orange of Wave ((ii))-navy Details: The 4H chart shows that the ((ii))-navy wave is unfolding in more detail, it is developing as a Double Three, and the (y)-orange wave is like developing as a Zigzag. It may end soon when it finds support around 61.8%, after which the ((ii))-navy wave may return to push higher. While price must stay above the high of 56.54 to maintain this view. I will look for a Long Trade Setup with Medium Level 65.00. Invalidation point: 56.54Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED – ASX  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.Technical Analyst: […]

Image Source: Pexels  Dollar General Corporation (NYSE: DG) has released its financial results for the second quarter of fiscal 2024, which ended on August 2, 2024.The company reported a net sales increase of 4.2% to $10.2 billion, up from $9.8 billion in the same period last year. This growth was driven primarily by contributions from new stores […]

We talked about that Bitcoin summer consolidation back in June, but now that summer is coming to an end, we should be aware of a bullish resumption into the end of 2024, which can lift the whole Crypto market higher.BTCUSD Weekly Technical ChartFrom Elliott wave perspective, summer consolidation on Bitcoin represents wave IV correction, so […]

Image Source: Unsplash  Price gouging has captured the attention of politicians, consumers, and economists. Business executives can use the discussion to assess their own policies for dealing with shortages and fluctuating costs.Some price gouging seems to be accepted by consumers, albeit with a little grumbling. Apples are cheapest right after the fall harvest, most expensive just […]

Image Source: Pixabay  Today you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:45More By This Author:GOLD Moved As Predicted Yesterday. The […]