ASX Elliott Wave technical analysis [Video]
ASX: ASX LIMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge.
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ASX LIMITED – ASX. We see ASX LIMITED possibly pushing lower with wave ((ii))-navy, and then wave ((iii))-navy could move higher.
ASX one day chart (semilog scale) analysis
Function: Major (Minor degree, gray).
Mode: Motive.
Structure: Impulse.
Position: Wave ((ii))-navy of Wave 3-grey.
Details: Wave ((ii))-navy could be pushing lower, targeting around 62.87. After the ((ii))-navy wave finds support levels at lower levels, then most likely the ((iii))-navy wave will return soon. And they can go long when the price gets the support tested at…
