• 4 hours How Taxpayers Are Bankrolling The EV Revolution
  • 1 day The Coronavirus Is Crushing China’s Car Market
  • 2 days Fighting For Survival In The Streaming War
  • 3 days Want A Job? Forget About A Bachelor’s Degree
  • 3 days Another Major Car Maker Is Backing Hydrogen
  • 4 days Are Americans Finally Sold On Soccer?
  • 4 days Is The Tech Bubble About To Burst?
  • 5 days Coronavirus Could Cost Tourism Industry $80 Billion
  • 5 days What Web Traffic Trends Can Tell Us About The World
  • 5 days Miners Face Greater Headwinds
  • 6 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 7 days Goldman Slashes Oil Price Forecast By $10
  • 8 days Tesla Raises $2 Billion In Share Selloff
  • 9 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 9 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 9 days How Hydrogen Could Become The Fuel Of The Future
  • 10 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 10 days This Gold Miner Just Increased Its Dividends By 40%
  • 10 days Airbnb IPO Under Threat As China's Economy Drags
  • 11 days The Infamous Equifax Hack Just Became A National Security Issue
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to…

Contact Author

  1. Home
  2. Markets
  3. Other

ASX All Ordinary Short-term Elliott Wave Analysis

Short term Elliottwave structure suggests wave C rally from 2/10 low is unfolding as 5 waves where wave ((i)) ended at 5047.1, wave ((ii)) ended at 4905.5, wave ((iii)) ended at 5245, and wave ((iv)) ended at 5147.4. While Index stays above 5147.4, and more importantly as far as wave ((ii)) low at 4905.4 stays intact, Index is expected to extend higher in wave ((v)) towards 5370 area to finish wave (X) and end the cycle from 2/10 low. Once wave ((v)) is complete, Index should at least pullback in 3 waves to correct the rally from 2/10 low. We don't like buying the proposed bounce and expect wave ((v)) rally to fail below 10/26 peak at 5423.3 for at least 3 waves pullback.

ASX All Ordinary Short-term Elliott Wave Analysis Chart
Larger Image

 


At EWF we offer 24 hour coverage of 50 instruments from Monday - Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Check out our 14 day Free Trial to sample everything EWF has to offer.

 

Back to homepage

Leave a comment

Leave a comment