Car Group Limited Elliott Wave technical analysis [Video]
ASX: Car Group Limited – CAR Elliott Wave technical analysis
Welcome. Today’s Elliott Wave update focuses on the Australian Stock Exchange (ASX) listed CAR GROUP LIMITED – CAR.
Our analysis indicates that CAR has likely wrapped up a corrective wave, specifically wave (4) in orange, forming a Zigzag structure. This may suggest the beginning of a bullish trend. This brief overview will outline potential future price movement and key invalidation levels supporting our analysis.
One-day chart (Semilog Scale) – Overview
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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 iii)) – navy within Wave (5) – orange.
Details:
Wave (4)…
