COH Elliott Wave technical forecast [Video]

Peter Mathers TradingLounge

CCOH Elliott Wave technical analysis

Our latest Elliott Wave analysis focuses on the Australian Stock Exchange (ASX) and COCHLEAR LIMITED - COH.
A corrective ABC wave has recently concluded, presenting new bullish prospects for ASX:COH.
This report highlights potential target prices, expected future trends, and crucial invalidation levels essential for sustaining the upward momentum, delivered in a clear, technical approach.

COH Elliott Wave technical analysis

Function: Major Trend (Intermediate Degree, Orange).
Mode: Motive.
Structure: Impulse.
Position: Wave 5)) - Navy.

Analysis details:

Wave 4)) - Navy likely completed an A-B-C corrective formation labeled Orange.
With this completion, conditions appear favorable for the commencement of Wave 5)) - Navy's upward movement.
This scenario strengthens the bullish outlook, with a potential price return to the previous high near $350.00.

Invalidation point: 246.14

COH Elliott Wave technical analysis

Function: Major Trend (Minor Degree, Grey).
Mode: Motive.
Structure: Impulse.
Position: Wave 3 - Grey of Wave 5)) - Navy.

Analysis details:

From the level of 246.14, a five-wave sequence labeled 1 - Grey to 5 - Grey has been unfolding.
Currently, Wave 3 - Grey is progressing upwards and is anticipated to target between 281.50 and 303.06.
Once Wave 3 - Grey concludes, a pullback as Wave 4 - Grey should occur but must remain above 265.00 to maintain the bullish count, ensuring Wave 5 - Grey can follow.

Invalidation point: 265.00 (Wave 4 must not overlap with Wave 1)

Conclusion:

Our Elliott Wave analysis and forecast for COCHLEAR LIMITED - COH aim to deliver valuable insights into market direction.
Specific validation and invalidation levels are provided to reinforce confidence in the wave count.
Combining detailed trend analysis with professional methodology, we strive to offer the most objective view for effective market positioning.

Technical analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

CCOH Elliott Wave technical analysis [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.

EUR/USD rises to near 1.1650 amid dovish Fed expectations

EUR/USD edges higher after registering gains in the previous six successive sessions, trading around 1.1650 during the Asian hours on Monday. The pair appreciates as the US Dollar struggles amid dovish Federal Reserve expectations. Friday’s slower-than-expected US jobs growth suggests the US central bank could hold interest rates steady later this month.

GBP/USD rebounds from three-week low, eyes mid-1.3400s as Fed concerns weigh on USD

The GBP/USD pair attracts some buyers near a technically significant 200-day Simple Moving Average (SMA) and recovers slightly from a nearly three-week low, touched during the Asian session on Monday. Spot prices, for now, seem to have snapped a four-day losing streak and currently trade around the 1.3435 region, up 0.20% for the day.

Gold tests $4,600, then retreats despite geopolitical, Fed woes

Gold retreats from fresh record highs of $4,601 in the Asian session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran fuel the risk of a further escalation of geopolitical tensions will likely keep Gold underpinned despite the latest profit-taking pullback.

Week ahead: US CPI might challenge the geopolitics-boosted Dollar

Geopolitics may try to steal the limelight from US data. A possible US Supreme Court ruling on tariffs could dictate market movements. Dollar strength might be tested if investors refocus on Fed expectations. A crammed data calendar next week, US CPI comes on Tuesday; Fedspeak to intensify. Euro weakness persists, lingering risk of deterioration in US-EU relations.

2026 economic and market outlook

As an aggregate, key economic indicators point towards the global economy growing further in out 2026 Economic and Market outlook. In particular, the G20 countries, which account for roughly 80% of the total global GDP are projected to grow by 2.9% next year.

XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.