ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)

Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED - WTC. We see wave (v)-orange of wave ((iii))-navy still unfolding to push higher.

ASX: WISETECH GLOBAL LIMITED - WTC 1D Chart (Semilog Scale) Analysis

Function: Major trend (Minute degree, navy) 

Mode: Motive 

Structure: Impulse 

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

Details: Wave (v)-orange is unfolding, it is subdividing into wave v-grey, it will continue to push higher, it is aiming at the Medium Level target at 150.00. 

Invalidation point: 130.24

(Click on image to enlarge)

ASX: WISETECH GLOBAL LIMITED - WTC 4-Hour Chart Analysis

Function: Major trend (Minuette degree, orange) 

Mode: Motive 

Structure: Impulse 

Position: Wave v-grey of Wave (v)-orange 

Details: Wave v-grey of wave (v)-orange is unfolding to push higher, it may push up to the target at 138.00-140.00, breaking through this target will continue to advance to 150.00. 

Invalidation point: 130.24

(Click on image to enlarge)

Conclusion:

Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC 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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