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.

AUD/USD consolidates above 0.7000; remains close to monthly top

AUD/USD holds steady above 0.7000 during the Asian session on Friday, trading just below the previous day's monthly low amid diverging forces. A hawkish RBA continues to support the Aussie, while the recent decline in US bond yields keeps the US Dollar depressed near a three-week low. However, oil-driven inflation fears reinforce Fed hike bets, which, along with geopolitical risks, could benefit the safe-haven buck and cap the currency pair.

USD/JPY bounces off one-month low; climbs to 157.00 amid reviving USD demand

USD/JPY rebounds from the 156.00 neighborhood, or a one-month low touched during Friday’s Asian session, with bulls looking to extend momentum beyond 157.00 amid the emergence of some US Dollar buying. Meanwhile, Japan's National CPI rose to a nine-month peak and reaffirmed BoJ rate-hike bets, which could support the Japanese Yen and cap gains for the currency pair.

Gold treads water around $4,000

Gold prices maintain its offered stance in place at the end of the week, hovering around the key $4,000 threshold per troy ounce. The persistent selling bias in the precious metal comes amid decent gains in the US Dollar and an acceptable rebound in US Treasury yields across the curve, all alongside further upside traction in crude oil prices.

Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

The French bond panic is overdone. Here's what the market is misreading

France's 10-year government bond yield has climbed above 5%, reigniting fears of a sovereign debt crisis in the Eurozone. With public debt exceeding €3.5 trillion, persistent budget deficits and a fragmented political landscape, investors are increasingly questioning the French government's ability to stabilize its finances.

What November 3 means for the Fed's rate path and the US Dollar

The USD faces a decisive period ahead of the November 3 midterm elections. While markets anticipate another interest rate increase from the Fed in December, the battle for control of Congress could reshape fiscal policy expectations and, indirectly, the path of US monetary policy in 2027.