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Brambles Limited Elliott Wave technical forecast [Video]

Peter Mathers TradingLounge

ASX: BRAMBLES LIMITED – BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart).

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED - BXB. We see BXB could continue to push higher with a v-grey wave.

ASX: BXB Elliott Wave technical analysis

Function: Major trend (Minuette degree, orange).

Mode: Motive.

Structure: Impulse.

Position: Wave ((3))-navy of Wave v-grey of Wave (iii)-orange.

Details: The v-grey wave is unfolding to push higher, it may push up to Major Level 20.00, it looks like the v-grey wave isexpandingg, and it is subdividing into wave ((3))-navy of the v-grey wave to push higher.

Invalidation point: 17.99.

ASX: BXB four-hour chart analysis

Function: Major trend (Minute degree, navy).

Mode: Motive.

Structure: Impulse.

Position: Wave ((3))-navy of Wave v-grey.

Details: Since the low at 17.32 the v-grey wave may be unfolding to push higher, it is subdividing into wave ((1))-navy, and wave ((2))-navy, both of which have ended. Wave ((3))-navy is unfolding to push higher, it may push up to the high at Major Level 20.00.

Invalidation point: 17.99.

Conclusion

Our analysis, forecast of contextual trends, and short-term outlook for ASX: BRAMBLES LIMITED - BXB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.

Brambles Limited Elliott Wave technical forecast [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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