Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video]
|Berkshire Hathaway Inc. (BRK.B) Elliott Wave analysis – Daily chart
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Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Wave 5 of (3).
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Direction: Upside into wave 5.
Details:
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Expecting upside continuation into wave 5, with targets around $570.
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Key support above $500 is needed to confirm the bullish momentum.
Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis – One-hour chart
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Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Wave (iii) of {iii}.
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Direction: Upside in wave (iii).
Details:
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Recent upmove from the January bottom is unfolding in threes and fours.
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Expecting further bullish momentum before a larger-degree top in wave {iii}.
Conclusion
This equities analysis highlights key market trends across multiple stocks and ETFs using Elliott Wave Theory.
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Stocks like BRK.B, LLY, MELI, and V show impulsive trends, signaling further upside potential.
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Corrective patterns in AVY, PG, and SMH indicate areas where traders should be cautious.
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Key resistance and support levels are critical in confirming future market moves.
Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video]
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