Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis
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 3 of (5).
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Direction: Upside into Wave 3.
Details:
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Expecting upside movement into Minor Wave 3 as we approach TradingLevel5 at $500.
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Looking for a clear subdivision within Wave 3.
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 3.
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Direction: Upside in Wave {iii}.
Details:
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Wave {iii} is developing, and we might be missing one leg higher into Wave (v) of {iii}.
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Looking for a potential subdivision in Wave {iii} to confirm the next movement.
Summary of BRK.B Elliott Wave analysis
Daily chart
Berkshire Hathaway (BRK.B) remains in an impulsive phase within Wave 3 of (5), following a motive structure. The price is pushing higher within Minor Wave 3, with a target around $500. Expect further upside as Wave 3 unfolds, with clear subdivisions forming within the internal wave structure.
One-hour chart
On the 1-hour chart, BRK.B continues to progress through Wave {iii} of 3. The structure in Wave {iii} suggests additional upside potential, with one final leg expected to complete Wave (v) of {iii}. This would indicate more upward momentum ahead.
Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
