TRENDING:

GBP/USD

XAU/USD

WiseTech Global Limited Elliott Wave technical forecast [Video]

Peter Mathers TradingLounge

ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart).

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED - WTC. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher.

ASX: WTC Elliott Wave analysis

Function: Major trend (Minute degree, navy).

Mode: Motive.

Structure: Impulse.

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

Details: Wave (v)-orange is unfolding, it is subdividing into wave v-grey, it will continue to push higher, it is aiming at the Medium Level target at 150.00.

Invalidation point: 130.24.

ASX: WTC four-hour chart analysis

Function: Major trend (Minuette degree, orange).

Mode: Motive.

Structure: Impulse.

Position: Wave v-grey of Wave (v)-orange.

Details: Wave v-grey of wave (v)-orange is unfolding to push higher, it may push up to the target at 138.00-140.00, breaking through this target will continue to advance to 150.00.

Invalidation point: 130.24.

Conclusion

Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC 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.

WiseTech Global Limited Elliott Wave technical forecast [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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD: Gains remain capped below 1.1800

EUR/USD consolidates its upside below 1.1800 in the European trading hours on Monday. The pair trades listlessly amid a tepid market mood, despite a broadly subdued US Dollar. Mid-tier US Pending Home Sales are next in focus.

GBP/USD hovers around 1.3500 amid cautious markets

GBP/USD is oscillating around 1.3500 in the European session on Monday, supported by broad US Dollar softness. But the upside appears limited due to thin market conditions heading into the New Year holiday break.

Gold corrects from record high as profit-taking sets in

Gold price retreats from a record high near $4,550 in European trading on Monday as traders book some profits ahead of holidays. If the US Dollar finds renewed demand, it could also weigh on the precious metal, as it makes Gold more expensive for non-US buyers.

Bitcoin, Ethereum, and XRP bulls regain strength

Bitcoin, Ethereum, and Ripple record roughly 3% gains on Monday, regaining strength mid-holiday season. Despite thin liquidity in the holiday season, BTC and major altcoins are regaining strength as US President Donald Trump pushes peace talks between Russia and Ukraine. The technical outlook for Bitcoin, Ethereum, and Ripple gradually shifts bullish as selling pressure wanes.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.