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

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with UNIBAIL-RODAMCO-WESTFIELD – URW. We see ASX:URW continuing to push higher.

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

Function: Major trend (Minor degree, grey)

Mode: Motive

Structure: Impulse

Position: Wave ((iii))-navy of Wave 3-grey

Details: Wave ((iii))-navy is unfolding to push higher, aiming at the next target at 6.50. When price continues to push higher one more time, it will also confirm this view.

Invalidation point: 5.81

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

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

Position: Wave iii-grey of Wave ((iii))-navy

Details: Wave ((ii))-navy ended as a Flat labeled wave (a)(b)(c)-orange at the 5.81 low and wave ((iii))-navy is unfolding to push higher, which itself is subdividing into wave i-grey and wave ii-grey, and they have ended, so wave iii-grey could continue to push higher.

Invalidation point: 5.81

Conclusion:

Our analysis, forecast of contextual trends, and short-term outlook for ASX: UNIBAIL-RODAMCO-WESTFIELD – URW 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.

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

More By This Author:

Elliott Wave Technical Analysis: Bitcoin Crypto Price News For Wednesday, Nov 27
Unlocking ASX Trading Success - Santos Limited
Elliott Wave Technical Analysis - Fortinet Inc.