ASX: ASX LIMITED – ASX Elliott Elliott Wave<\/a> Technical Analysis TradingLounge\u00a0(1D Chart).<\/p>\n Greetings, Our Elliott Wave\u00a0analysis today updates the Australian Stock Exchange\u00a0(ASX) with ASX LIMITED – ASX. We’ve identified that wave 2-re has recently\u00a0bottomed out, and wave 3-red is now unfolding to push significantly\u00a0higher.<\/p>\n ASX: ASX LIMITED – ASX 1D Chart (Semilog Scale) Analysis.<\/p>\n Function:<\/strong>\u00a0Major (Minor degree, red).<\/p>\n Mode:<\/strong>\u00a0Motive.<\/p>\n Structure<\/strong>:\u00a0Impulse.<\/p>\n Position:<\/strong>\u00a0Wave (iii)-purple of Wave 3-red.<\/p>\n Details:\u00a0<\/strong>Short-term outlook suggests that the 2-red wave has just concluded, and the\u00a03-red wave may be ready to resume its upward movement. We are waiting for a\u00a0smaller ABC\u00a0Correction to have a good Long Trade Setup.<\/p>\n Invalidation point:<\/strong>\u00a061.71.\u00a0\u00a0<\/p>\n <\/a><\/p>\n ASX: ASX LIMITED – ASX Elliott Wave Technical Analysis TradingLounge (4-Hour Chart).<\/p>\n ASX: ASX LIMITED – ASX 4-Hour Chart Analysis.<\/p>\n Function:\u00a0<\/strong>Major trend (Minuette degree, purple).<\/p>\n Mode:\u00a0<\/strong>Motive.<\/p>\n Structure:<\/strong>\u00a0Impulse.<\/p>\n Position:<\/strong>\u00a0Wave ((2))-red of Wave (iii)-purple.\u00a0\u00a0<\/p>\n Details:<\/strong>\u00a0The shorter-term outlook indicates that wave (ii)-purple has bottomed, and\u00a0wave (iii)-purple appears to be unfolding, still in its initial stages. Waves ((1))-red and\u00a0((2))-red are developing, and after wave ((2))-red concludes, wave ((3))-red should\u00a0return to push higher, potentially increasing to the medium level around 65 in the\u00a0short term.<\/p>\n Invalidation point:<\/strong>\u00a065.35.<\/p>\nASX: ASX Limited\u00a0– ASX Elliott Wave technical analysis \u00a0<\/h2>\n
ASX: ASX Limited\u00a0– ASX Elliott Wave technical analysis<\/h2>\n
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