ASX: BRAMBLES LIMITED – BXB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED - BXB. We see BXB could continue to push higher with a v-grey wave.

ASX: BRAMBLES LIMITED - BXB 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minuette degree, orange) 

Mode: Motive 

Structure: Impulse 

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

Details: The v-grey wave is unfolding to push higher, it may push up to Major Level 20.00, it looks like the v-grey wave isexpandingg, and it is subdividing into wave ((3))-navy of the v-grey wave to push higher. 

Invalidation point: 17.99

(Click on image to enlarge)

ASX: BRAMBLES LIMITED - BXB 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy)

Mode: Motive

Structure: Impulse

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

Details: Since the low at 17.32 the v-grey wave may be unfolding to push higher, it is subdividing into wave ((1))-navy, and wave ((2))-navy, both of which have ended. Wave ((3))-navy is unfolding to push higher, it may push up to the high at Major Level 20.00.

Invalidation point: 17.99

(Click on image to enlarge)

Conclusion:

Our analysis, forecast of contextual trends, and short-term outlook for ASX: BRAMBLES LIMITED - BXB 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.

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