Cochlear Limited – COH Elliott Wave technical forecast [Video]

Cochlear Limited – COH Elliott Wave technical analysis

Market insight

Today's Elliott Wave analysis highlights the latest developments for COCHLEAR LIMITED (ASX:COH). A corrective ABC wave structure has likely completed, paving the way for a new upward impulse wave. This technical update includes potential price targets, trend forecasts, and invalidation levels that are essential for supporting the bullish outlook in a clear, data-backed format.

• Function: Major Trend (Intermediate Degree – Orange).

• Mode: Motive.

• Structure: Impulse.

• Position: Wave 5)) – Navy.

Analysis

The corrective A,B,C) wave (orange) in wave 4)) – navy seems complete. This transition suggests the onset of wave 5)) – navy, aligning with a bullish trajectory. The price target remains the previous wave 3)) – navy high at $350.00.

• Confirmation level: $276.62.

• Invalidation level: $246.14.

Elliott Wave technical analysis

• Function: Major Trend (Intermediate Degree – Orange).

• Mode: Motive.

• Structure: Impulse.

• Position: Wave B – Grey of Wave 2) – Orange.

Analysis

From the low of $246.14, wave 1) – orange emerged as a Leading Diagonal, followed by a retracing wave 2) – orange, which has completed waves A and B. Currently, wave C – grey is expected to extend downward before wave 3) – orange starts a strong upward move.

• Confirmation level: $276.62.

• Invalidation level: $246.14.

Conclusion

This forecast for COCHLEAR LIMITED (COH) offers a professional view of ongoing trends and price behavior on the ASX. With precise invalidation and confirmation points, this analysis supports traders aiming to engage strategically based on current Elliott Wave structures.

Cochlear Limited – COH Elliott Wave technical forecast [Video]