ASX: Washington H. Soul Pattinson & Company Limited – SOL Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) Washington H. Soul Pattinson & Company Limited – SOL. We see ASX:SOL has a lot of upside potential with wave 3-grey.ASX: Washington H. Soul Pattinson & Company Limited – SOL 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minor degree, gray)Mode: MotiveStructure: ImpulsePosition: Wave 3-grey of Wave (3)-orangeDetails: Wave 2-grey may have ended as an Expanded Flat labeled ((a)),((b)),((c))-navy at a low around 32.52. And this wave 3-grey may be unfolding to push much higher.Invalidation point: 32.52ASX: Washington H. Soul Pattinson & Company Limited – SOL 4-Hour Chart AnalysisFunction: Major trend (Minor degree, grey)Mode: MotiveStructure: ImpulsePosition: Wave ((iii))-navy of Wave 3-greyDetails: Since the low at 32.52 the ((i))-navy wave has probably just completed as a Leading Diagonal labeled from wave (i)-orange to wave (v)-orange, and wave ((ii))-navy is pushing lower after that. Diagonals are usually followed by strong moves with signal waves, but not here, so the question of whether wave ((iii))-navy is actually unfolding still needs to wait a few more days, meaning that price must remain above 34.35 to maintain this uptrend. Invalidation point: 34.35Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: Washington H. Soul Pattinson & Company Limited – SOL 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:Elliott Wave Technical Analysis: Ripple XRP Crypto Price News For Thursday, December 5
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