ASX: COCHLEAR LIMITED – COH Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart).
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED - COH. We see COH likely to push higher with a ((5))-navy wave.
ASX: COH one-day chart analysis
Function: Major trend (Primary degree, navy).
Mode: Motive.
Structure: Impulse.
Position: Wave ((5))-navy.
Details: Wave ((4))-navy has ended and wave ((5))-navy is unfolding to push higher, we will have a Long Trade Setup when I see the Major Level 300.00 becoming a tested support. I will analyze wave ((5))-navy in more detail on the 4H chart.
Invalidation point: 272.75.
ASX: COH four-hour chart analysis
Function: Major trend (Minute degree, navy).
Mode: Motive.
Structure: Impulse.
Position: Wave (1)-orange of Wave ((5))-navy.
Details: Since the low at 272.75 wave (1)-orange is unfolding, and it has pushed quite high, so basically it can push a little higher, then wave (2)-orange will unfold to push lower, and finally wave (3)-orange will return to continue the role of pushing higher. The bullish view will remain valid for wave (1) while price must always stay above 286.92, otherwise pushing lower shows wave (2)-orange is unfolding.
Invalidation point: 272.75.
Conclusion
Our analysis, forecast of contextual trends, and short-term outlook for ASX: COCHLEAR LIMITED - COH 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.
Cochlear Limited Elliott Wave technical forecast [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
EUR/USD falls to fresh weekly lows as Trump fuel fears
EUR/USD came under selling pressure and fell towards fresh lows in the 1.1470 price zone. The US Dollar gained bullish traction following US President Donald Trump's comments on the Middle East crisis, as he hinted at no more talks but rather US action against Iran.
GBP/USD plummets, nears 1.3400 as sentiment sours
GBP/USD nears the 1.3400 level ahead of Tuesday's close, its lowest in three weeks. The risk-averse market atmosphere amid Middle East tensions fueled by US President Trump's comments helps the USD stay resilient against its peers ahead of the Fed's and BoE's decisions.
Gold fluctuates below $3,400 as traders turn reluctant ahead of Fed
Gold continues to fluctuate in a relatively tight range below $3,400 in the American session. Traders remain reluctant to take large positions ahead of the Federal Reserve's policy decisions, while keeping a close eye on headlines surrounding the Iran-Israel conflict.
Bitcoin falls slightly as Trump calls security advisors to deal with Iran-Israel war
Bitcoin price declines slightly to around $106,000 on Tuesday following a mild recovery the previous day. Donald Trump leaves the G7 summit early to return to Washington and meet with his national security team.
Chinese data suggests economy on track to hit 2025 growth target
China's May data was mixed with strong retail sales, but soft readings on fixed-asset investment and property price. Overall, though, data suggests that China remains on track to achieve its growth target in the first half of 2025.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.