ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG
Elliott Wave Technical Analysis – TradingLounge

Today's Elliott Wave analysis updates the Australian Stock Exchange (ASX) outlook for INSURANCE AUSTRALIA GROUP LIMITED – IAG. Based on our review, ASX:IAG appears to be completing a B-grey wave and is likely setting up for another downward movement. This current formation does not support a bullish trend, making long positions less favorable under present conditions.

ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG
1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave C-grey

Details:
Wave 3-orange has concluded as a complete five-wave sequence. Now, wave 4-orange is developing downward as a Zigzag labeled A, B, C-grey. Wave A-grey has finished, and wave B-grey has most likely ended as an Expanded Flat. Currently, wave C-grey seems to be pushing downward, aiming for a target around 7.79.
Invalidation Point: 9.03

ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG
Elliott Wave Technical Analysis – TradingLounge (4-Hour Chart)

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave C-grey

Details:
At a closer interval, the A and B-grey waves have completed. Following the 9.03 high, a decline appears to be underway as part of wave C-grey. The initial target is 7.79, with possible extended downside levels at 7.42 to 7.10. The analysis remains valid only if the price stays below the 9.03 threshold.

Conclusion:
Our current analysis and near-term forecast for ASX: IAG present a measured perspective on market direction. We define clear validation and invalidation levels to enhance decision-making confidence. With these technical insights, we aim to deliver the most accurate and neutral view of ASX trading scenarios.

Technical Analyst: Hua (Shane) Cuong, CEWA-M

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