ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)
Hello, Our today Elliott Wave analysis updates Australian Stock Exchange (ASX) on V300AEQ ETF UNITS – VAS. We can see that wave 2-grey has come to an end and wave 3-grey is developing to push higher, sub-waves are developing in the form of wave ((i)) and wave ((ii))-navy seems to be coming to an end allowing wave ((iii))-navy to return to push higher later.
ASX:VAS Elliott Wave Technical Analysis
Function: Major trend (lower degree, gray).
Mode: Theme.
Structure: Impulse.
Position: C-wave-gray or (y)-orange or ((ii))-navy blue wave.
Details: The short-term forecast shows that the ((ii))-Navy wave will last longer than expected, it is developing as a double zigzag, the (y)-orange wave seems to be coming to an end and will be followed by the ((iii)))-Navy wave that may return to push higher.
Invalidation point: 92,93.
ASX: Four Hour VAS Chart Analysis
Function: Main trend (minimum grade, navy).
Mode: Theme.
Structure: Impulse.
Position: C-wave-gray or (y)-orange or ((ii))-navy blue wave.
Details: The short-term outlook shows that wave ((ii))-navy is developing as a double zigzag, wave (y)-orange is developing as an ABC zigzag, waves a,b-gray are completed, and wave c-gray seems to be fulfilling its role of continuous downward push. After wave ((ii))-navy is completed, wave ((iii))-navy will return to push even higher.
Invalidation point: 92,93.
Application
Our analysis, contextual trend forecast and short-term outlook for the ASX:V300AEQ ETF UNITS – VAS are designed to provide readers with insight into current market trends and how to effectively capitalize on them. We offer specific price points that act as validation or invalidation signals for our wave count, increasing confidence in our perspective. By combining these factors, we aim to offer readers the most objective and professional perspective on market trends.
