Unibail-Rodamco-Westfield – URW Elliott Wave technical analysis [Video]

ASX: URW Elliott Wave technical analysis

Overview

Our Elliott Wave update focuses on the Australian Stock Exchange (ASX) with an analysis of UNIBAIL-RODAMCO-WESTFIELD – URW. The outlook shows potential medium-term growth for the stock, especially as it progresses through the fifth wave. However, short-term conditions are not yet favorable for buying. This breakdown explains the current scenario in detail.

Technical analysis – Daily chart

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

• Mode: Motive.

• Structure: Impulse.

• Position: Wave 2 - grey of Wave 5 - orange.

• Details: Wave 4 - orange completed at 6.39 as a triangle pattern (labeled A, B, C, D, E - grey). The current wave 5 - orange is heading higher, with the next target near 8.52. This wave is still active and hasn’t finished yet, suggesting further upward movement.

• Invalidation point: 6.39.

Four-hour chart analysis

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

• Mode: Motive.

• Structure: Impulse.

• Position: Wave c - orange of Wave b - navy of Wave 2 - grey.

• Details: On closer observation, wave 1 - grey completed as a five-wave move. Now, wave 2 - grey is forming a Zigzag labeled a) b) c) - navy. We are currently moving higher in wave B - navy as an Expanded Flat, and expect one more drop with wave c - navy.

• Invalidation point: 6.39.

Conclusion

This technical analysis of UNIBAIL-RODAMCO-WESTFIELD – URW on the ASX offers insights into trend behavior and short-term opportunities. We highlight specific price levels that validate or invalidate our wave interpretation. These signals improve confidence in the forecast and help investors assess timing. Our goal is to deliver a reliable and professional perspective on current market dynamics.

Unibail-Rodamco-Westfield – URW Elliott Wave technical analysis [Video]