Insurance Australia Group Limited Elliott Wave forecast [Video]
The post Insurance Australia Group Limited Elliott Wave forecast [Video] appeared on BitcoinEthereumNews.com.
ASX: Insurance Australia Group Limited – IAG Today’s Elliott Wave analysis focuses on the Australian Stock Exchange (ASX), specifically INSURANCE AUSTRALIA GROUP LIMITED – IAG. Our current outlook identifies ASX:IAG as still being in a corrective wave structure, with expectations for a slight move lower, potentially setting the stage for a rebound. One-day chart (semilog scale) breakdown Trend Function: Major trend (Primary degree, navy). Mode: Motive. Wave Structure: Impulse. Current Position: Wave B-grey of Wave (4)-orange. Details: Wave (4)-orange continues its downward progression following the end of Wave (3)-orange. The decline may persist toward the 38.2% Fibonacci retracement level. Wave A-grey has already completed, and Wave B-grey is advancing slightly higher. ASX: Insurance Australia Group Limited – IAG Four-hour chart breakdown Trend Function: Major trend (Intermediate degree, orange). Mode: Motive. Wave structure: Impulse. Current position: Wave ((c))-navy of Wave B-grey. Details: Focusing on Wave B-grey, this wave appears to be forming a Flat, labeled ((a))((b))((c))-navy. The ((B))-navy wave has ended, and ((c))-navy is moving upward, potentially targeting the range of 8,063 to 8,271. However, a move below the 7.400 mark would indicate the start of Wave C-grey, suggesting a downward move. Conclusion This analysis of ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG offers a contextual overview of the current market structure, combined with a near-term forecast. Specific price levels serve as confirmation or invalidation points for the wave count, improving the reliability of the analysis. Our goal is to deliver a clear, objective, and professional insight into market direction. Insurance Australia Group Limited Elliott Wave forecast [Video] Source: https://www.fxstreet.com/news/insurance-australia-group-limited-elliott-wave-forecast-video-202503310935
Filed under: News - @ March 31, 2025 10:27 am