The post Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video] appeared on BitcoinEthereumNews.com.

BRK.B Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave 3 of (5). Direction: Upside within wave (5). Details: Looking for intermediate wave (5) to slowly unfold higher as we approach Trading Level 5 at 500$. Equality of (5) vs. (1) stands at 543$ suggesting there is upside room. BRK.B Elliott Wave technical analysis – Daily chart Berkshire Hathaway Inc. (BRK.B) is currently unfolding in an impulsive trend structure within wave 3 of (5). We are anticipating intermediate wave (5) to continue its gradual climb higher, targeting the TradingLevel5 at $500. There is further potential for upside, with the equality of wave (5) vs. wave (1) projected at $543, indicating significant room for growth as wave (5) progresses. BRK.B Elliott Wave technical analysis Function: Trend. Mode: Impulsive. Structure: Motive. Position: Wave {i} of 3. Direction: Top in wave {i}. Details: We seem to be close to a wave {i} top to then pullback lower which could open up the possibility of a buy opportunity. BRK.B Elliott Wave technical analysis – One-hour chart On the 1-hour chart, BRK.B appears to be nearing a potential top in wave {i} of 3. After this wave {i} tops out, a corrective pullback is expected, potentially providing a buy opportunity for further upside in the next wave sequence. Traders should monitor key support levels during the pullback for signs of continuation into wave {iii}. This analysis of Berkshire Hathaway Inc. (BRK.B) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements. Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/berkshire-hathaway-inc-brkb-elliott-wave-technical-analysis-video-202502071025

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Filed under: News - @ February 7, 2025 12:22 pm