Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS has the potential to continue rising to higher levels, aiming for a target at 100.51, which also a good potential opportunity.
ASX: V300AEQ ETF units – VAS Elliott Wave technical analysis
Function: Major trend (Minute degree, green).
Mode: Motive.
Structure: Impulse.
Position: Wave iii-blue of Wave (iii)-purple of Wave ((iii))-green.
Details: The short-term outlook suggests that wave ((v))-green is unfolding to push higher, subdividing into waves (i) and (ii)-purple, followed by waves (i) and (ii)-blue. The immediate target for this upward push could be around 100.51, while maintaining a price above 94.98 would be a significant advantage for this perspective.
Invalidation point: 92.52.
VAS Elliott Wave technical analysis one-day chart
ASX: V300AEQ ETF units – VAS Elliott Wave technical analysis
Function: Major trend (Minuette degree, purple)
Mode: Motive
Structure: Impulse wave
Position: Wave iii-blue of Wave (iii)-purple
Details: The short-term outlook suggests that wave ii-blue appears to have concluded, and wave iii-blue is unfolding to push higher, targeting 100.51. Maintaining a price above 96.20 would be a significant advantage for this outlook.
Invalidation point: 94.98.
VAS Elliott Wave technical analysis – Four-hour chart
Conclusion:
Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.
ASX: V300AEQ ETF units – VAS Elliott Wave technical analysis [Video]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks

EUR/USD keeps range below 1.0900 ahead of US Retail Sales data
EUR/USD is keeping its range below 1.0900 in the European session on Monday. The US Dollar steadies as traders exercise caution before US Retail Sales data due later in the day. Meanwhile, the Euro stays defensive ahead of Tuesday's German vote on fiscal reforms and US-Russia talks.

GBP/USD consolidates below 1.2950, with Fed-BoE meetings on tap
GBP/USD remains sidelined below 1.2950 in the European trading hours on Monday. The pair lacks a clear directional bias as the risk mood turns cautious amid looming concerns over a trade war and Middle East conflict. The focus shifts to the US Retail Sales data ahead of this week's BoE and Fed event risks.

Gold price trades with positive bias just below $3,000 and record high set on Friday
Gold price remains close to all-time peak as rising trade tensions underpin safe-haven demand. Bets that the Fed will cut rates several times in 2025 lend additional support to the XAU/USD.

SEC pumps breaks on altcoin ETFs, institutional interest remains
Altcoins begin their slow recovery amidst Bitcoin’s 5% rally on Friday. The US financial regulator delayed its decisions on spot altcoin Exchange Traded Fund applications, raising concerns among traders.

The week ahead: Central banks give their verdict on Trump
Rarely is one man dominant for financial markets and for central banks, however, Donald Trump’s new economic policy means that he is centre stage as we wait to hear from a multitude of central bankers this week.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.