COCHLEAR LIMITED - COH Elliott Wave Technical Analysis 

This updated Elliott Wave analysis covers COCHLEAR LIMITED - COH on the Australian Stock Exchange (ASX). The recent ABC corrective wave seems to have concluded, paving the way for a potential upward impulse wave in ASX:COH. This review outlines likely price levels, market direction, and invalidation zones necessary to maintain a Bullish outlook—presented through clear, visual analysis.

COCHLEAR LIMITED - COH Elliott Wave Technical Analysis
1D Chart (Semilog Scale) Overview
Trend: Major (Intermediate degree, Orange)

Mode: Motive

Wave Structure: Impulse

Current Position: Wave 5))-navy

Summary:
Wave 4))-navy likely finished an A,B,C)-orange corrective pattern. This signals the beginning of wave 5))-navy, which aligns with the ongoing Bullish momentum. The price might attempt to revisit the peak around wave 3))-navy at $350.00.

Invalidation Point: 246.14

COCHLEAR LIMITED - COH Elliott Wave Technical Analysis by TradingLounge (4-Hour Chart)
4-Hour Chart Breakdown
Trend: Major (Intermediate degree, Orange)

Mode: Motive

Wave Structure: Impulse

Current Position: Wave B-grey within Wave 2)-orange

Summary:
From the 246.140 low, wave 1)-orange seems to have ended as a Leading Diagonal. This suggests that wave 2)-orange may experience a significant decline. So far, wave A and wave B are complete, pointing to an upcoming wave C-grey dip. Once this final drop ends, wave 3)-orange could initiate a substantial upward move.

Invalidation Point: 246.140

Conclusion
This analysis of COCHLEAR LIMITED - COH offers a structured forecast highlighting potential turning points and trend confirmations. With clearly marked price levels acting as validation or invalidation references, traders can approach the market with added confidence. Our goal is to provide a precise, data-driven view to support informed trading decisions.

Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation)

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