ASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We see WTC.ASX may be starting to push higher with a ((iii))-navy wave.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC 1D Chart (Semilog Scale) AnalysisFunction: 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: Wave ((ii))-navy appears to have ended, and wave ((iii))-navy may be unfolding to push higher.
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 AnalysisFunction: Major trend (Intermediate degree, orange)
Mode: Motive
Structure: Impulse
Position: Wave ((iii))-navy
Details: Wave ((ii))-navy appears to have ended as a Double Zigzag at the low at 83.11. And wave ((iii))-navy could be unfolding to push higher; while price must remain above the low at 83.11 to maintain this view.
Invalidation point: 83.11
Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED – WTC 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 (Master’s Designation).More By This Author:VeChain Crypto Technical Analysis
Nasdaq 100 & SP500 Elliott Wave Analysis: Tech Stock Trading Strategies
Nifty 50 Index Chart Technical Analysis – Friday, August 9
