Westpac Banking Corporation – WBC stock analysis and Elliott Wave forecast [Video]
The post Westpac Banking Corporation – WBC stock analysis and Elliott Wave forecast [Video] appeared on BitcoinEthereumNews.com.
ASX: WESTPAC BANKING CORPORATION – WBC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WESTPAC BANKING CORPORATION – WBC. We determine that wave ((iv))-navy is unfolding, and seems to end soon, creating conditions for wave ((v))-navy to return to continue pushing higher. ASX: Westpac Banking Corporation – WBC Elliott Wave Technical Analysis ASX: WESTPAC BANKING CORPORATION – WBC 1D Chart (Semilog Scale) Analysis. Function: Major trend (Minute degree, green). Mode: Motive. Structure: Impulse. Position: Wave (d)-orange of Wave ((iv))-navy. Details: The short-term outlook shows that wave ((iv))-navy seems to be unfolding as a Triangle, and needs a little more time before completion. Following this, wave ((v))-navy may return to push higher. Evidence suggests this is a Triangle because there are many three-wave structures within the subwaves. Looking for a long trade setup might be optimal when the price pushes above the high labeled as wave (d)-orange. Invalidation point: 25.14. ASX: WESTPAC BANKING CORPORATION – WBC Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) ASX: Westpac Banking Corporation – WBC Elliott Wave Technical Analysis ASX: WESTPAC BANKING CORPORATION – WBC 4-Hour Chart Analysis. Function: Major (Minor degree, navy). Mode: Motive. Structure: Impulse. Position: Wave c-grey of Wave (d)-orange of Wave ((iv))-navy. Details: The shorter-term outlook suggests that wave ((iv))-navy is unfolding as a Triangle. Wave (d)-orange is nearing its completion. Once the Triangle concludes, wave ((iv))-navy will also complete. At that point, a long trade setup can be initiated when the price pushes above the high labeled as wave (d)-orange. Invalidation point: 25.14. Conclusion Our analysis, forecast of contextual trends, and short-term outlook for ASX: WESTPAC BANKING CORPORATION – WBC 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…
Filed under: News - @ June 13, 2024 6:12 am