ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW
Elliott Wave Technical Analysis TradingLounge

Greetings, our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with UNIBAIL‑RODAMCO‑WESTFIELD – URW. We see that URW stock has potential to increase in the medium term with a fifth wave. However, in the short term, it is not yet a reasonable buying point. This analysis will clearly show that.

ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW
1D Chart (Semilog Scale)

Analysis
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave 2‑grey of Wave 5‑orange

Details:
Wave 4‑orange ended at a low of 6.39 as a triangle labeled A,B,C,D,E‑grey. Now, wave 5‑orange is moving higher, targeting the next high around 8.52. I don’t think wave 5‑orange is finished, so it’s likely to continue moving higher.
Invalidation point: 6.39

ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW
4‑Hour Chart Analysis

Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave c‑orange of Wave b‑navy of Wave 2‑grey

Details:
On a closer look, wave 1‑grey has completed as a five-wave, and wave 2‑grey is unfolding downward as a zigzag labeled a‑b‑c‑navy. I see that we’re moving higher with wave B‑navy as an expanded flat, and then likely to have another push lower with wave c‑navy.
Invalidation point: 6.39

Conclusion:
Our analysis, forecast of contextual trends, and short-term outlook for ASX: UNIBAIL‑RODAMCO‑WESTFIELD – URW aim to provide readers with insights into 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 confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.

Technical Analyst: Hua (Shane) Cuong, Certified Elliott Wave Analyst – Master Level (CEWA‑M)

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