BRK-B Elliott Wave Analysis Trading Lounge

Berkshire Hathaway Inc., (BRK-B) Daily Chart

BRK-B Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave 3 of (5).

DIRECTION: Upside within wave (5).

DETAILS: Looking for intermediate wave (5) to slowly unfold higher as we approach Trading Level 5 at 500$. Equality of (5) vs. (1) stands at 543$ suggesting there is upside room.

Berkshire Hathaway Inc., (BRK-B) 1H Chart

BRK-B Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave {i} of 3.

DIRECTION: Top in wave {i}.

DETAILS: We seem to be close to a wave {i} top to then pullback lower which could open up the possibility of a buy opportunity.

This analysis of Berkshire Hathaway Inc. (BRK-B) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements.

* BRK-B Elliott Wave Technical Analysis – Daily Chart*

Berkshire Hathaway Inc. (BRK-B) is currently unfolding in an impulsive trend structure within wave 3 of (5). We are anticipating intermediate wave (5) to continue its gradual climb higher, targeting the TradingLevel5 at $500. There is further potential for upside, with the equality of wave (5) vs. wave (1) projected at $543, indicating significant room for growth as wave (5) progresses.

* BRK-B Elliott Wave Technical Analysis – 1H Chart*

On the 1-hour chart, BRK-B appears to be nearing a potential top in wave {i} of 3. After this wave {i} tops out, a corrective pullback is expected, potentially providing a buy opportunity for further upside in the next wave sequence. Traders should monitor key support levels during the pullback for signs of continuation into wave {iii}.

Technical Analyst : Alessio Barretta

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