ASX: NEWS CORPORATION. - NWS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NEWS CORPORATION. - NWS . We see NWS.ASX possibly rising with wave ((iii))-navy.
ASX: NWS Elliott Wave technical analysis
Function: Major trend (Minuete degree, navy).
Mode: Motive.
Structure: Impulse.
Position: Wave ((iii))-navy of Wave 5-grey.
Details: Wave 5-grey looks to be extending, it is subdividing into wave ((iii))-navy and continuing to push higher, while price must remain above the 40.00 low to maintain this view.
Invalidation point: 40.00.
NWS one-day chart
ASX: NWS Elliott Wave technical analysis
Function: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave (iii)-orange of Wave ((iii))-navy
Details: Wave ((iii))-navy is unfolding to push higher since 40.00, it is subdividing into wave (i),(ii)-orange. And wave (ii)-orange probably ended at 41.40, so wave (iii)-orange is unfolding to push higher, targeting the high of 47.19.
Invalidation point: 41.40.
NWS four-hour chart analysis
Conclusion
Our analysis, forecast of contextual trends, and short-term outlook for ASX: NEWS CORPORATION. - NWS 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.
News Corporation Elliott Wave technical forecast [Video]
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