Northern Star Resources Ltd – NST analysis and Elliott Wave technical forecast [Video]
ASX: NST Elliott Wave technical analysis
Today’s Elliott Wave update for the Australian Stock Exchange (ASX) focuses on NORTHERN STAR RESOURCES LTD – NST.
According to our analysis, ASX: NST appears to be entering a short-term bearish trend, potentially dropping to the 16.86 level. There are currently no signs of a bullish market based on this forecast.
Elliott Wave technical analysis – One-day Chart (Semilog Scale)
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Function: Major trend (Minor degree, grey).
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Mode: Motive.
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Structure: Impulse.
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Position: Wave C) – orange of Wave 4)) – navy.
Details:
Wave 4)) – navy continues to decline, likely developing as an ABC-orange zigzag pattern. Wave A)B) – orange has completed, and since…
