Unibail Rodamco Westfield Elliott Wave forecast [Video]

ASX: URW Elliott Wave technical analysis

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with UNIBAIL-RODAMCO-WESTFIELD – URW. We see ASX:URW continuing to push higher.

ASX: URW one-day chart (semilog scale) analysis

Function: Major trend (Minor degree, grey).

Mode: Motive.

Structure: Impulse.

Position: Wave ((iii))-navy of Wave 3-grey.

Details: Wave ((iii))-navy is unfolding to push higher, aiming at the next target at 6.50. When price continues to push higher one more time, it will also confirm this view.

Invalidation point: 5.81.

ASX: URW four-hour chart analysis

Function: Major trend (Minute degree, navy).

Mode: Motive.

Structure: Impulse.

Position: Wave iii-grey of Wave ((iii))-navy.

Details: Wave ((ii))-navy ended as a Flat labeled wave (a)(b)(c)-orange at the 5.81 low and wave ((iii))-navy is unfolding to push higher, which itself is subdividing into wave i-grey and wave ii-grey, and they have ended, so wave iii-grey could continue to push higher.

Invalidation point: 5.81.

Conclusion

Our analysis, forecast of contextual trends, and short-term outlook for ASX: UNIBAIL-RODAMCO-WESTFIELD – URW 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.

Unibail Rodamco Westfield Elliott Wave forecast [Video]