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

Today's Elliott Wave update covers the Australian Stock Exchange (ASX) and INSURANCE AUSTRALIA GROUP LIMITED – IAG.

Our analysis indicates that ASX:IAG is finalizing a B-grey wave and is setting up for another decline. At this stage, there are no clear signs of a bullish trend developing, making it risky to consider a long setup.

ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG Elliott Wave Technical Analysis (1D Chart - Semilog Scale)
Function: Major Trend (Minor Degree, Grey)

Mode: Motive

Structure: Impulse

Position: Wave c)) - navy of Wave B - grey

Details:
Wave 3) - orange has completed a full five-wave structure. Currently, wave 4) - orange is developing lower as a Zigzag pattern, labeled A, B, C - grey.
Wave A - grey has completed, and wave B - grey is advancing higher as an Expanded Flat pattern. The c)) - navy of wave B - grey is anticipated to reach around 8.25–8.46 levels.

Invalidation Point: End of Wave b)) - navy

ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG 4-Hour Chart Analysis

Function: Major Trend (Minor Degree, Grey)

Mode: Motive

Structure: Impulse

Position: Wave c)) - navy of Wave B - grey

Details:
Zooming in, from the 7.420 level, wave B - grey is developing as an Expanded Flat, indicating a sideways movement with low momentum.
Wave b)) - navy appears more complex than wave a)) - navy, and wave c)) - navy is stronger than both previous subwaves, a typical feature of a Flat pattern.
Prices are likely to rise towards 8.25–8.46 levels before the end of wave B - grey and the start of a wave C - grey decline.

Invalidation Point: 7.100

Conclusion
Our analysis offers insights into ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG’s current trends, equipping readers with key price levels to validate or invalidate the wave count. This structured approach strengthens the confidence in our market outlook.
Our goal is to deliver a professional and objective market view.

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

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