• 385 days Could Crypto Overtake Traditional Investment?
  • 389 days Americans Still Quitting Jobs At Record Pace
  • 391 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 394 days Is The Dollar Too Strong?
  • 395 days Big Tech Disappoints Investors on Earnings Calls
  • 396 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 397 days China Is Quietly Trying To Distance Itself From Russia
  • 398 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 402 days Crypto Investors Won Big In 2021
  • 402 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 403 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 405 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 405 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 409 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 409 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 410 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 412 days Are NFTs About To Take Over Gaming?
  • 412 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 415 days What’s Causing Inflation In The United States?
  • 417 days Intel Joins Russian Exodus as Chip Shortage Digs In
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

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