Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video]
|Berkshire Hathaway Inc, (BRK.B) Daily Chart.
BRK.B Elliott Wave technical analysis
Function: Trend.
Mode: Impulse.
Tructure: Motive.
Position: Minor wave 5 of (1).
Direction: Top in wave 5.
Details: Watching Minor wave 5 unfolding in a five wave sequence, as we currently seem to be in wave {iii} of 5. We could expect 400$ to act as resistance.
Berkshire Hathaway Inc. (BRK.B) 4Hr Chart.
BRK.B Elliott Wave technical analysis
Function: Trend.
Mode: Impulsive.
Structure: Motive.
Postios: Wave {iii} of 5.
Direction: Extension into wave (iii) of {iii}.
Details: We seem to be in a wave (iii) of {iii} as the pullback that occurred around 380$ seem to be smaller than what is labelled as wave {ii} and therefore I do identify it as a lower degree correction.
Technical Analyst: Alessio Barretta.
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