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

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL LIMITED – CSL. We see that CSL may be moving higher with wave ((iii))-navy.

ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis  

ASX: CSL LIMITED – CSL 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minute degree, navy) 
Mode: Motive 
Structure: Impulse 

Position: Wave ((5))-navy of Wave iii-grey of Wave ((iii))-navy 
Details: Wave ((4))-navy has just ended and Wave ((5))-navy is unfolding to continue pushing higher. The previous Long Trade position is still performing well. 
Invalidation point: 296.91

(Click on image to enlarge)

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ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart) 

ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis 

ASX: CSL LIMITED – CSL 4-Hour Chart Analysis 

Function: Major trend (Minuette degree, orange) 
Mode: Motive 
Structure: Impulse 
Position: Wave ((5))-navy of Wave iii-gray of Wave ((iii))-navy 
Details: Wave ((4))-navy has just ended and Wave ((5))-navy is unfolding to continue pushing higher. I think it will continue to move towards the target around 320.00 - 325.26; while price must remain above the low of 296.91 to maintain this view. 
Invalidation point: 296.91

(Click on image to enlarge)

Conclusion: 

Our analysis, forecast of contextual trends, and short-term outlook for ASX: CSL LIMITED – CSL 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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