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NST Elliott Wave technical forecast Greetings! Today’s Elliott Wave update focuses on the Australian Stock Exchange (ASX) ticker NST (Northern Star Resources Ltd). Our analysis suggests that ASX:NST is entering a bearish phase in the short term, with a projected drop toward around 16.86. There is no bullish bias at this time, and our wave count supports that outlook. Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave C)‑orange of Wave 4))‑navy. Details: Wave 4))‑navy is unfolding lower as an ABC‑orange zigzag. Waves A)B)‑orange have completed, and Wave C)‑orange is now heading downward toward a target of 16.86. Invalidation point: 23.78. Conclusion: No signs of bullish reversal—trend remains bearish. Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave C)‑orange of Wave 4))‑navy. Details: As seen on the 1D chart, Wave C)‑orange is unfolding downward post the high at 22.78. Target remains near 16.86. Invalidation point: 22.78. Conclusion Our structured forecast, based on Elliott Wave principles, outlines a clear short‑term bearish trajectory for ASX:NST. Key levels—16.86 as the target and 23.78 as the invalidation point—offer precise validation or invalidation markers. This enhances confidence and clarity in our outlook. The goal: providing readers with an objective, professional perspective on current market trends and actionable price signals. NST Elliott Wave technical forecast [Video] Source: https://www.fxstreet.com/news/nst-elliott-wave-technical-forecast-video-202506200458

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Filed under: News - @ June 20, 2025 7:28 am