V300AEQ ETF Units Elliott Wave technical forecast [Video]
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ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart). Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see VAS could start pushing higher with a 3-grey wave. ASX: VAS Elliott Wave technical analysis Function: Major trend (Minor degree, grey). Mode: Motive. Structure: Impulse. Position: Wave 3-grey. Details: Wave 2-grey just ended at the low of 94.13 in an Expanded Flat. And wave 3-grey could be back to push higher, with an immediate target around 110.00. Invalidation point: 94.13. VAS one-day chart ASX: VAS Elliott Wave technical analysis Function: Counter trend (Minute degree, navy). Mode: Corrective. Structure: Flat. Position: Wave (iii)-orange of Wave ((i))-navy. Details: Since the low at 94.13, the 3-grey wave is unfolding, which is subdividing into the ((i))-navy wave. The ((i)) wave itself is also subdividing into five-waves. Basically, it will continue to push higher to complete its role. Then the ((ii))-navy wave may start pushing a little lower. I will look for a Long Trade Setup when the ((ii)) wave ends, aiming for the ((iii))-navy wave that opens afterwards. Invalidation point: 94.13. VAS four-hour chart analysis Conclusion Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS 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. V300AEQ ETF Units Elliott Wave technical forecast [Video] Source: https://www.fxstreet.com/news/v300aeq-etf-units-elliott-wave-technical-forecast-video-202408140558
Filed under: News - @ August 14, 2024 8:26 am