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Today\u2019s Elliott Wave<\/a> update focuses on the Australian Stock Exchange (ASX) listing:\u00a0CAR GROUP LIMITED \u2013 CAR<\/strong>. Function:<\/strong>\u00a0Major trend (Intermediate degree, orange).<\/p>\n<\/li>\n Mode:<\/strong>\u00a0Motive.<\/p>\n<\/li>\n Structure:<\/strong>\u00a0Impulse.<\/p>\n<\/li>\n Position:<\/strong>\u00a0Wave ii)) – navy, Wave (5) – orange.<\/p>\n<\/li>\n<\/ul>\n Details:<\/strong><\/p>\n Function:<\/strong>\u00a0Major trend (Minor degree, grey).<\/p>\n<\/li>\n Mode:<\/strong>\u00a0Motive.<\/p>\n<\/li>\n Structure:<\/strong>\u00a0Impulse.<\/p>\n<\/li>\n Position:<\/strong>\u00a0Wave ((ii)) – navy of Wave (5) – orange.<\/p>\n<\/li>\n<\/ul>\n Details:<\/strong><\/p>\n Our analysis for\u00a0ASX: CAR GROUP LIMITED \u2013 CAR<\/strong>\u00a0offers a structured view of current market conditions and future trends.
Our analysis suggests that ASX:CAR may have just finished a corrective wave, labeled as (4) – orange Zigzag, signaling\u00a0bullish potential<\/strong>\u00a0worth monitoring.
This brief analysis will highlight a potential new trend and key invalidation levels crucial for this outlook.<\/p>\nASX: Car Group Limited \u2013 CAR one-day chart (semilog scale) analysis<\/h3>\n
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The C – grey wave structure consists of five waves, indicating its completion.
Now, wave (5) – orange is likely in progress, having finished wave i)) – navy.
Currently, wave ii)) – navy is extending lower but is expected to complete soon, leading to a bullish move with wave iii)) – navy.<\/p>\nASX: Car Group\u00a0Limited \u2013 CAR four-hour chart analysis<\/h3>\n
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Wave ii)) – navy is currently developing and pushing slightly lower.
Once it completes, wave iii)) – navy is expected to push higher, possibly aiming near the previous high around\u00a041.30<\/strong>.<\/p>\nConclusion<\/h2>\n
We highlight key levels that validate or invalidate our wave structure to strengthen confidence in the analysis<\/a>.
By providing detailed insights and a professional perspective, we aim to assist readers in trading effectively and objectively.<\/p>\nCar Group Limited \u2013 CAR Elliott Wave technical analysis [Video]<\/h2>\n