NST Elliott Wave technical forecast [Video]
|NST Elliott Wave technical forecast
Greetings! Today’s Elliott Wave update focuses on the Australian Stock Exchange (ASX) ticker NST (Northern Star Resources Ltd). Our analysis suggests that ASX:NST is entering a bearish phase in the short term, with a projected drop toward around 16.86. There is no bullish bias at this time, and our wave count supports that outlook.
-
Function: Major trend (Minor degree, grey).
-
Mode: Motive.
-
Structure: Impulse.
-
Position: Wave C)‑orange of Wave 4))‑navy.
-
Details:
-
-
Wave 4))‑navy is unfolding lower as an ABC‑orange zigzag.
-
Waves A)B)‑orange have completed, and Wave C)‑orange is now heading downward toward a target of 16.86.
-
Invalidation point: 23.78.
-
-
Conclusion: No signs of bullish reversal—trend remains bearish.
-
Function: Major trend (Minor degree, grey).
-
Mode: Motive.
-
Structure: Impulse.
-
Position: Wave C)‑orange of Wave 4))‑navy.
-
Details:
-
-
As seen on the 1D chart, Wave C)‑orange is unfolding downward post the high at 22.78.
-
Target remains near 16.86.
-
Invalidation point: 22.78.
-
Conclusion
Our structured forecast, based on Elliott Wave principles, outlines a clear short‑term bearish trajectory for ASX:NST. Key levels—16.86 as the target and 23.78 as the invalidation point—offer precise validation or invalidation markers. This enhances confidence and clarity in our outlook. The goal: providing readers with an objective, professional perspective on current market trends and actionable price signals.
NST Elliott Wave technical forecast [Video]
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.