BRK.B Elliott Wave technical analysis [Video]

Peter Mathers TradingLounge

Berkshire Hathaway Inc. (BRK.B)

Mode: Corrective.
Structure: ZigZag.
Position: Wave B of (4).
Details: The bounce seen in wave B, following the tariff suspension, is now interpreted as a corrective move, not impulsive. Watching for a top in wave B.

Berkshire Hathaway Inc. (BRK.B)

Mode: Corrective.
Structure: ZigZag.
Position: Wave {c} of B.
Details: Possibly forming a triangle in wave {b}, leading to an upward extension in wave {c}. This structure supports the overall corrective count. Look for signs of reversal confirming the continuation of the correction.

Berkshire Hathaway (BRK.B) Elliott Wave analysis – April 11, 2025

This article presents a detailed Elliott Wave analysis of Berkshire Hathaway Inc. (BRK.B) using both the Daily and 1-Hour Charts. The stock is currently moving through a corrective zigzag structure, with Wave B of (4) likely nearing its peak. The reaction to recent tariff news is viewed as corrective, not impulsive. On the 1-hour chart, a potential triangle formation within Wave {b} of B is unfolding, leading into Wave {c}. The analysis guides traders on what signals to watch for, to confirm the corrective structure and identify optimal timing for the next phase.

Technical analyst: Alessio Barretta.

Berkshire Hathaway Inc. (BRK.B) [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.

GBP/USD appears bid near 1.3200

GBP/USD gathers momentum and advances toward the 1.3200 neighbourhood on Thursday. Cable manages to shrug-off initial weakness and regain balance on the back of the fresh selling pressure hurting the Greenback.

EUR/USD remains below 1.1350 after US PCE inflation

EUR/USD now accelerates its daily recovery, hovering around the 1.1370 region on Thursday. The pair’s rebounds follows some mild loss of momentum of the US Dollar despite results from the PCE and the labour market.

Gold advances slightly past $4,000

Gold reverses part of its recent weakness on Thursday, managing to reclaim the area just above the $4,000 mark per troy ounce. The precious metal regains traction on the back of renewed selling interest in the Greenback, although expectations of rate hikes by the Fed are likely to keep buyers on the sidelines for now.

Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

Bitcoin nears make-or-break level ahead of US PCE data

Bitcoin recovers slightly, trading at $61,700 after reaching a new yearly low of $59,103 and a 21-month low the previous day. This bearish price action is supported by the ongoing institutional sell-off, which recorded an outflow of over $469 million on Wednesday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.