CAR Elliott Wave technical analysis [Video]
CAR Elliott Wave technical analysis
Today’s Elliott Wave update on the Australian Stock Exchange (ASX) focuses on CAR GROUP LIMITED – CAR.
Our current analysis suggests that ASX:CAR may have recently completed a corrective phase, specifically wave (4) – orange, in a Zigzag form. This scenario increases the likelihood of a bullish continuation. This brief update highlights the potential upcoming trend and critical invalidation level that supports this outlook.
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Function: Major trend (Intermediate degree, orange).
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Mode: Motive.
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Structure: Impulse.
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Position: Wave (5) – orange.
Details:
Wave (4) – orange appears to have developed following the peak near 42.71 and may have completed at…
