BHP Group Limited – BHP Elliott Wave technical analysis [Video]
ASX: BHP Group Limited – BHP Elliott Wave technical analysis
Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BHP GROUP LIMITED – BHP. We observe upside potential in ASX:BHP, as wave 2)–orange has ended as a Zigzag, and wave 3)–orange shows room to extend. This analysis outlines the price target and what invalidates the view.
One-day chart (semilog scale) analysis
Function: Major trend (Intermediate degree, orange).
Mode: Motive.
Structure: Impulse.
Position: Wave 3)–orange.
Details:
Since the low at 33.25, wave 1)–orange completed as a five‑wave structure. Then wave 2)–orange likely finished as a three‑wave Zigzag labeled…
