ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS may have finished wave 2-grey, and wave 3-grey is unfolding to push higher.ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave ((iii))-navy of Wave 3-grey
Details: Wave 2-grey just ended at the 94.13 low as an Expanded Flat. Wave 3-grey is unfolding to push much higher, it is subdividing and has just completed wave ((i)),((ii))-navy, now wave ((iii))-navy is probably unfolding to push much higher. The push below 98.39 suggests that the entire wave ((ii))-navy is extending longer than expected, but the end result is still wave ((iii))-navy will continue to push higher afterwards.
Invalidation point: 98.39 
ASX: V300AEQ ETF UNITS – VAS Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave ((iii))-navy
Details: Wave ((i))-navy just completed as Five-waves, wave ((ii))-navy also seems to have completed as Zigzag at the 98.39 low. Wave ((iii))-navy seems to be unfolding to push much higher. Pushing lower than that low, suggests wave ((ii))-navy is extending longer than expected. I am looking for trading setups around the Major 100.00 level. Invalidation point: 98.39 
Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS 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.More By This Author:XAGUSD Commodity Elliott Wave Technical Analysis – Tuesday, September 10
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