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 ASX: BRAMBLES LIMITED – BXB  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with BRAMBLES LIMITED – BXB. We see that BXB seems to have completed wave (ii)-orange, but needs to push a little higher to confirm this view. And wave (iii)-orange may return to push higher.ASX: BRAMBLES LIMITED – BXB  Elliott Wave Technical Analysis  ASX: BRAMBLES LIMITED – BXB  1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minuette degree, orange)
Mode: Motive
Structure: Impulse
Position: Wave (iii)-orange
Details: The short-term outlook shows some evidence that wave (ii)-orange has ended, wave c-grey has fully broken down into 5 waves. Now is the time for wave (iii)-orange to open to push higher.
Invalidation point: 13.88ASX: BRAMBLES LIMITED – BXB  Elliott Wave Technical Analysis
TradingLounge (4-Hour Chart)ASX: BRAMBLES LIMITED – BXB  Elliott Wave Technical AnalysisASX: BRAMBLES LIMITED – BXB  4-Hour Chart AnalysisFunction: Major trend (Subminuette degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave ((4))-navy of Wave i-greyDetails: The shorter-term outlook shows that wave (iii)-orange is unfolding to push higher, it is subdividing into wave i-grey, and may complete soon. Following this, wave ii-grey opens to push a little lower, and then wave iii-grey is ready to return to push higher. We will look for a Long Trade Setup when Medium Level 15.00 becomes support.
Invalidation point: 13.88

Conclusion:  
Our analysis, forecast of contextual trends, and short-term outlook for ASX: BRAMBLES LIMITED – BXB  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:Elliott Wave Technical Analysis: New Zealand Dollar/U.S. Dollar – Monday, June 10
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