Unlocking ASX Trading Success: SOUTH32 LIMITED – S32 Stock Analysis & Elliott Wave Technical Forecast


ASX: SOUTH32 LIMITED – S32 Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) SOUTH32 LIMITED – S32. We see S32 continuing to push lower with (Y)-orange wave.ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis  ASX: SOUTH32 LIMITED – S32 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray) 
Mode: Motive 
Structure: Impulse 
Position: Wave ((v))-navy of Wave A-grey 
Details: Wave ((iv))-navy appears to have completed as an Expanded Flat at the 3.17 high. And wave ((v))-navy could be unfolding to push lower, targeting the 2.79 low. While price must remain below the 3.17 high to maintain this view. 
Invalidation point: 3.17ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: SOUTH32 LIMITED – S32 Elliott Wave Technical Analysis ASX: SOUTH32 LIMITED – S32 4-Hour Chart AnalysisFunction: Major Trend (Minute degree, navy) 
Mode: Motive  
Structure: Impulse 
Position: Wave (i)-orange of Wave ((v))-navy Details: Wave ((v))-navy is unfolding to push lower, it is subdividing into wave (i)-orange, and it will probably end soon, then wave (ii)-orange will unfold to push a bit higher, and finally wave (iii)-orange will return to push lower, aiming for targets at the 2.79 low. Invalidation point: 3.17Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: SOUTH32 LIMITED – S32 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).Source : Tradinglounge.com get trial here!More By This Author:VAS Stock Analysis & Elliott Wave Technical Forecast – Wednesday, September 4
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