Insurance Australia Group Limited – IAG stock analysis and Elliott wave technical forecast [Video]
ASX: Insurance Australia Group Limited – IAG Elliott Wave technical analysis (One-day chart)
Function: Major trend (Minor degree, grey).
Mode: Motive.
Structure: Impulse.
Position: Wave C-grey.
Details:
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Wave 3-orange has concluded as a five-wave sequence.
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Wave 4-orange is unfolding downward as a Zigzag labeled A, B, C-grey.
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Wave A-grey has completed.
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Wave B-grey likely completed as an Expanded Flat.
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Wave C-grey is expected to push lower, targeting the 7.79 level.
Invalidation point: 9.03.
ASX: Insurance Australia Group Limited – IAG Elliott Wave technical analysis (Four-hour chart)
Function: Major trend (Minor degree, grey).
Mode: Motive.
Structure: Impulse.
Position:…
