Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

Berkshire Hathaway Inc. (BRK.B) Elliott Wave analysis – Daily chart

Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave 5 of (3).
Direction: Upside into wave 5.

Details:

Expecting upside continuation into wave 5, with targets around $570.
Key support above $500 is needed to confirm the bullish momentum.

Berkshire Hathaway Inc. (BRK.B) Elliott Wave Analysis – One-hour chart

Function: Trend.
Mode: Impulsive.
Structure: Motive.
Position: Wave (iii) of {iii}.
Direction: Upside in wave (iii).

Details:

Recent upmove from the January bottom is unfolding in threes and fours.
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.

Stocks like BRK.B, LLY, MELI, and V show impulsive trends, signaling further upside potential.
Corrective patterns in AVY, PG, and SMH indicate areas where traders should be cautious.
Key resistance and support levels are critical in confirming future market moves.

Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video]

Author

Peter Mathers

TradingLounge

Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.

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