WiseTech Global Limited Elliott Wave technical forecast [Video]
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We identify that WTC is bullish with wave (v) to continue pushing higher.
ASX: WTC Elliott Wave technical analysis
Function: Major trend (Minute degree, green).
Mode: Motive.
Structure: Impulse.
Position: Wave iii-blue of Wave (v)-purple of Wave ((iii))-green.
Details: The short-term outlook indicates that the (iv)-purple wave has just concluded, and the (v)-purple wave may unfold to push higher, targeting 100.60. It’s crucial for the price to consistently remain above the level of 86.77 to support this perspective.
Invalidation point: 86.77.
ASX: WTC four-hour chart analysis
Function: Major trend (Subminuette degree, blue).
Mode: Motive.
Structure: Impulse.
Position: Wave ((1))-red of Wave iii-blue.
Details: The short-term outlook indicates that wave ii-blue has just ended, and wave iii-blue is now unfolding to push higher, targeting the immediate target around $100.00. It’s important for the price to consistently remain above the $88.42 level to support this view.
Invalidation point: 88.42.
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.