Berkshire Hathaway Inc. (BRK.B) – Elliott Wave analysis (daily chart)
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Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Wave 3 of (5).
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Direction: Upside into Wave 3.
Details:
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Expecting upside movement into Minor Wave 3 as we approach TradingLevel5 at $500.
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Looking for a clear subdivision within Wave 3.
Berkshire Hathaway Inc. (BRK.B) – Elliott Wave analysis (one-hour chart)
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Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Wave {iii} of 3.
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Direction: Upside in Wave {iii}.
Details:
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Wave {iii} is developing, and we might be missing one leg higher into Wave (v) of {iii}.
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Looking for a potential subdivision in Wave {iii} to confirm the next movement.
Summary of BRK.B Elliott Wave analysis
Daily chart
Berkshire Hathaway (BRK.B) remains in an impulsive phase within Wave 3 of (5), following a motive structure. The price is pushing higher within Minor Wave 3, with a target around $500. Expect further upside as Wave 3 unfolds, with clear subdivisions forming within the internal wave structure.
One-hour chart
On the 1-hour chart, BRK.B continues to progress through Wave {iii} of 3. The structure in Wave {iii} suggests additional upside potential, with one final leg expected to complete Wave (v) of {iii}. This would indicate more upward momentum ahead.
Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis
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