ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS may have finished wave 2-grey, and wave 3-grey is unfolding to push higher.

ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minor degree, grey) 

Mode: Motive 

Structure: Impulse 

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

Details: Wave (i)-orange has just completed, and wave (ii)-orange is unfolding to push lower, eventually wave (iii)-orange may return to push higher. 

Invalidation point: 98.39

(Click on image to enlarge)

ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis

Function: Major trend (Minute degree, navy) 

Mode: Motive 

Structure: Impulse 

Position: Wave (ii)-orange of Wave ((iii))-navy  

Details: In the shorter term, wave (i)-orange has completed the five-waves, and wave (ii)-orange is unfolding to push lower as a Zigzag. Finally wave (iii)-orange will return to its work and continue pushing higher.

Invalidation point: 98.39

(Click on image to enlarge)

Conclusion:

Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS 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.

More By This Author:

Elliott Wave Technical Analysis: Iron Ore Commodity For Wednesday, Oct 2
Fortinet Inc. Elliott Wave Technical Analysis
HDFC Bank – Elliott Wave Technical Analysis