ASX: ORIGIN ENERGY LIMITED – ORG Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ORIGIN ENERGY LIMITED – ORG. We see ASX:ORG moving much higher in wave (iii)-orange of wave ((iii))-navy. Today’s visual analysis will answer the question of whether to go long now or where the best point to go long is, along with visual key points to confirm potential future trends.ASX: ORIGIN ENERGY LIMITED – ORG 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)Mode: MotiveStructure: ImpulsePosition: Wave (iii)-orange of Wave ((iii))-navyDetails: Wave ((ii))-navy ended at 9.45 and wave ((iii))-navy is unfolding higher, which is itself an extended wave, so we continue to see wave (iii)-orange unfolding much higher. 4H chart analysis will give us some go long setups to look for.Invalidation point: 10.25ASX: ORIGIN ENERGY LIMITED – ORG 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)Mode: MotiveStructure: ImpulsePosition: Wave i-grey of Wave (iii)-orangeDetails: Wave iii-grey of wave (iii)-orange is unfolding and is moving higher. Perhaps wave i-grey will soon complete and we will see a three-wave decline with wave ii-grey, and then when price bounces back, turning 11.00 into tested support at that point, we can go long, and that is a very good and safe position.Invalidation point: 10.25Key point: Wave b of Wave ii-greyConclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: ORIGIN ENERGY LIMITED – ORG 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!#ORG #TradingLounge #ASXStocks #Stocks #ElliottWaveMore By This Author:Unlocking ASX Trading Success – Coles Group Limited
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