Elliott Wave Technical Analysis – (Daily Table)
The update of today's Elliott wave focuses on Because Group Limited (Asx: CAR). Our current prospects indicate that the stock may have finished a Wave (4) – Orange Corrective zigzag, potentially opening the way to a bullish scenario. Below, we describe the future direction and the critical invalidation points.
Table of one day – Technical overview (semilog scale)
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Trendy type: Intermediary (degree orange).
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Wave mode: Pattern.
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Type of structure: Pulse.
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Current position: Wave II)) Orange wave (5).
Details:
Wave (4) – Orange seems to have concluded from the top 42.71 below 28.40unfolding in a ABC Zigzag (gray). THE Wave Displays five clear sub-values, signaling its probable completion. This implies that Wave (5) – Orange progresses now. The initial segment i)) – Marine is complete, and currently, Wave II)) – Marine is underway and expected to fall a little further Wave III)) – Marine grows above.
Technical analysis of Elliott Wave – Tradinglounge (four -hour graph)
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Trendy type: Minor (gray degree).
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Wave mode: Pattern.
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Type of structure: Pulse.
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Current position: Wave (((ii)) Marine de la Vague (5) Orange.
Details:
Since he touched a bottom to 28.40The market initiated Wave i)) – Marinewho ended. NOW, Wave II)) – Marine seems to be retraced below and has not yet concluded. After completion, we plan Wave III)) – Marine Settle again, perhaps approaching the previous summit 41.30.
Conclusion
Our Elliott Wave review for Because Group Limited (Asx: CAR) provides information on trendy direction, structural completion and usable invalidation levels. Using Objective Reference points, this analysis aims to take care of well -informed negotiation decisions.
Car Group Limited – Car Elliott Wave Technical Analysis [Video]
