ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart).
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED - WTC. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher.
ASX: WTC Elliott Wave analysis
Function: Major trend (Minute degree, navy).
Mode: Motive.
Structure: Impulse.
Position: Wave v-grey of Wave (v)-orange of Wave ((iii))-navy.
Details: Wave (v)-orange is unfolding, it is subdividing into wave v-grey, it will continue to push higher, it is aiming at the Medium Level target at 150.00.
Invalidation point: 130.24.
ASX: WTC four-hour chart analysis
Function: Major trend (Minuette degree, orange).
Mode: Motive.
Structure: Impulse.
Position: Wave v-grey of Wave (v)-orange.
Details: Wave v-grey of wave (v)-orange is unfolding to push higher, it may push up to the target at 138.00-140.00, breaking through this target will continue to advance to 150.00.
Invalidation point: 130.24.
Conclusion
Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC 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.
WiseTech Global Limited Elliott Wave technical forecast [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 bounces toward 1.1200 ahead of German inflation data
EUR/USD is rising back toward 1.1200 in the European morning on Monday. Hot German regional CPI data fuels a fresh advance in the Euro while the US Dollar trades listlessly ahead of Fed Chair Powell's speech. Germany's national inflation data is next in focus.
GBP/USD retakes 1.3400 as USD struggles ahead of Powell
GBP/USD is battling 1.3400 in European trading on Monday, reversing a dip led by the downward revision to the UK Q2 GDP data. A subdued US Dollar and Fed-BoE policy divergence offset the risk-off mood, supporting the pair ahead of Fed Chair Jerome Powell's speech.
Gold price remains confined in a range below all-time peak, Powell's speech awaited
Gold price remains on the defensive heading into the European session on Monday, albeit it lacks follow-through selling and hovers just below the all-time peak touched last week.
Seven Fundamentals: Nonfarm Payrolls caps a week packed with market-moving events Premium
Nonfarm Payrolls figures stand out after a steady buildup. A speech by Fed Chair Powell stands out as chatter of another 50 bps cut. The Middle East may rock Oil and Gold prices after a turbulent weekend.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.