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) WISETECH GLOBAL LIMITED – WTC. We have determined that wave (iv)-purple has ended and wave (v)-purple is opened to push higher.ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis ASX: WISETECH GLOBAL LIMITED – WTC Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, green)
Mode: Motive
Structure: Impulse
Position: Wave (v)-purple of Wave ((iii))-green
Details: The short-term outlook indicates that the (iv)-purple wave has just concluded, and the (v)-purple wave may unfold to push higher, targeting 100.60. It’s crucial for the price to consistently remain above the level of 86.77 to support this perspective.
Invalidation point: 76.48 
ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: WISETECH GLOBAL LIMITED – WTC Elliott Wave Technical AnalysisASX: WISETECH GLOBAL LIMITED – WTC 4-Hour Chart AnalysisFunction: Major trend (Subminuette, blue)
Mode: Motive
Structure: Impulse
Position: Wave ii-blueDetails: The short-term outlook suggests that the (iv)-purple wave has recently completed, and now it’s time for the (v)-purple wave to unfold upwards. It’s currently subdividing into the i and ii-blue waves, with the iii-blue wave potentially resuming soon to continue pushing higher, targeting 100.00.
Invalidation point: 86.77 
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.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).More By This Author:Binance Crypto Price News Today; Elliott Wave Technical Analysis
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