ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WOOLWORTHS GROUP LIMITED – WOW. We see WOW.ASX potentially pushing lower in the short term. ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical Analysis  ASX: WOOLWORTHS GROUP LIMITED – WOW 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)  Mode: Motive  Structure: Impulse  Position: Wave (iv)-orange of Wave ((iii))-navy  Details: Wave (iii)-orange seems to have just ended, and wave (iv)-orange is unfolding to push lower, targeting 27.78. I will look for a Long Trade Setup after wave (2)-orange ends.  Invalidation point: 21.06ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical Analysis ASX: WOOLWORTHS GROUP LIMITED – WOW 4-Hour Chart AnalysisFunction: Major trend (Intermediate degree, orange)  Mode: Motive  Structure: Impulse  Position: Wave ©-navy of Wave (2)-orange  Details: Wave (1)-orange has completed as a Five-waves, now it looks like wave (2)-orange is starting to unfold to push lower. It is developing as a Zigzag, wave ((b))-navy just completed at the high at 34.99, and wave ((c))-navy is unfolding to push lower, continuing towards the target around 32.61, I will look for a Long Trade Setup after wave (2)-orange ends.  Invalidation point: 30.12 Conclusion:   Our analysis, forecast of contextual trends, and short-term outlook for ASX: WOOLWORTHS GROUP LIMITED -WOW 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: Hua (Shane) Cuong, CEWA-M […]

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Job growth in the US slowed significantly in July. Nonfarm payrolls increased by just 114,000, well below expectations. The unemployment rate has risen to 4.3%, the highest since October 2021. The data prompted fears of an economic slowdown as stock market futures declined and Treasury yields fell, while the Federal Reserve is still contemplating potential […]

The USD/CAD weekly forecast is bullish as the dollar climbs amid increased geopolitical tensions and economic uncertainties. However, Friday’s downbeat US NFP erased some weekly gains.  Ups and downs of USD/CADThe loonie had a bullish week despite weaker-than-expected US data. At the same time, the Fed took on a more dovish tone at the meeting on […]

It took them four-and-a-half years, but the IRS has issued final rules governing mandatory distributions from traditional 401k’s, IRAs, and other retirement plans inherited in 2020 or later. To the great disappointment of beneficiaries and their financial planners, the agency embraced the most complex procedure possible as it interpreted a law passed by Congress in 2019. The new rules […]