Vertiv Holdings (VRT) resumed rally from predefined area

Elliott Wave Forecast Team ElliottWave-Forecast.com

Vertiv Holdings Co., (VRT) is an American multinational provider of critical infrastructure & services for data centers, communication networks & commercial & industrial environments. It is based in Westerville, Ohio, US & comes under Industrials sector & trades as “ VRT ” ticket for NYSE.

As expected in the previous article, VRT found buyers from the daily blue box after correction ended at $62.40 low. It favors upside in V & expect new high above $109.27 to finish impulse.

VRT – Elliott Wave daily view from 7.01.2024

In weekly, above $4.75 low, it favors upside in (I) as impulse sequence. It placed I at $28.80 high in August-2021 & II as flat correction at $7.76 low in July-2022. Above that low, it resumed higher in extended III sequence, which ended at $109.27 high in May-2024. Within III, it placed ((1)) at $17.88 high, ((2)) at $11.95 low, ((3)) at $88.69 high, ((4)) at $72.58 low & finally ended ((5)) at $109.27 high as III.

VRT – Elliott Wave latest daily view

It ended IV as zigzag correction at $62.40 low expected in last article, where buyers expected to enter the market. Buyers from the daily blue box area can have risk free long position. It placed ((A)) at $85.14 low, ((B)) at 95.48 high as flat connector & ((C)) at $62.40 low. Currently, it favors upside in (3) of ((3)) & expect short term pullback to find support in 3, 7 or 11 swings to resume rally. It placed ((1)) at $83.75 high & ((2)) at 71.12 low. Further upside in V will confirm above $109.27 high & can extend towards $120.63 – $138.68 area to finish (I). Later, we like to buy the pullback in (II) at extreme areas, when reached.

VRT – Elliott Wave Latest Weekly View:

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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