Unlocking ASX Trading Success: Brambles Limited

Unlocking ASX Trading Success: Brambles Limited – Tuesday, July 30

Jul 30, 2024Jeremy ParkinsonFinance0

ASX: BRAMBLES LIMITED – BXB Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We anticipate a slight drop in BXB in the near future, followed by a stronger upward movement in the third wave.**ASX: BRAMBLES LIMITED – BXB Elliott Wave TechnicalAnalysisASX: BRAMBLES LIMITED – BXB 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave (iii) – orange

Details: Wave (ii) – orange appears to have bottomed at 13.82, and Wave (iii) – orange is now in progress, pushing higher. I’m looking for a Setup Long Trade.

Invalidation point: 13.82

ASX: BRAMBLES LIMITED – BXB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: BRAMBLES LIMITED – BXB 4-Hour Chart Analysis

Function: Major trend (Minuette degree, orange)

Mode: Motive

Structure: Impulse

Position: Wave i – grey of Wave (iii) – orange

Details: Wave i – grey is nearing completion, with Wave ii – grey expected to unfold and push lower. I will analyze Wave 2 in detail to identify a long-term trading setup, targeting a push upward in Wave 3.

Invalidation point: 13.82

Conclusion:Our analysis and forecast of contextual trends, alongside the short-term outlook for ASX: BRAMBLES LIMITED – BXB, aim to provide insights into current market trends and effective capitalization strategies. We offer specific price points that serve as validation or invalidation signals for our wave count, thereby enhancing the confidence in our perspective. By integrating these factors, we strive to provide the most objective and professional view on market trends.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).More By This Author:Elliott Wave Technical Analysis: Coffee – Monday, July 29
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