IAG stock analysis [Video]
ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with INSURANCE AUSTRALIA GROUP LIMITED – IAG. We see IAG about to move up with wave 5-grey, but it will take a little more time for wave 4-grey to complete.
ASX: Insurance Australia Group Limited – IAG one-day chart (semilog scale) analysis
Function: Major trend (Intermediate degree, orange).
Mode: Motive.
Structure: Impulse.
Position: Wave 4-grey of Wave (5)-orange.
Details: Wave 4-grey seems to be unfolding to push lower, it could target around 6.87. Then wave 5-grey could come back to push higher,…
