NST Elliott Wave technical forecast [Video]

NST Elliott Wave technical forecast

Greetings! Today’s Elliott Wave update focuses on the Australian Stock Exchange (ASX) ticker NST (Northern Star Resources Ltd). Our analysis suggests that ASX:NST is entering a bearish phase in the short term, with a projected drop toward around 16.86. There is no bullish bias at this time, and our wave count supports that outlook.

• Function: Major trend (Minor degree, grey).

• Mode: Motive.

• Structure: Impulse.

• Position: Wave C)‑orange of Wave 4))‑navy.

• Details:

• • Wave 4))‑navy is unfolding lower as an ABC‑orange zigzag.

  • Waves A)B)‑orange have completed, and Wave C)‑orange is now heading downward toward a target of 16.86.

  • Invalidation point: 23.78.

• Conclusion: No signs of bullish reversal—trend remains bearish.

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• Function: Major trend (Minor degree, grey).

• Mode: Motive.

• Structure: Impulse.

• Position: Wave C)‑orange of Wave 4))‑navy.

• Details:

• • As seen on the 1D chart, Wave C)‑orange is unfolding downward post the high at 22.78.

  • Target remains near 16.86.

  • Invalidation point: 22.78.

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Conclusion

Our structured forecast, based on Elliott Wave principles, outlines a clear short‑term bearish trajectory for ASX:NST. Key levels—16.86 as the target and 23.78 as the invalidation point—offer precise validation or invalidation markers. This enhances confidence and clarity in our outlook. The goal: providing readers with an objective, professional perspective on current market trends and actionable price signals.

NST Elliott Wave technical forecast [Video]