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Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COCHLEAR LIMITED – COH.
We observe that COH has concluded wave ((4)) – navy as a Triangle, and wave ((5)) – navy is poised to advance.
ASX: COH Elliott Wave technical analysis
srcD Chart (Semilog Scale) Analysis
Function: Major trend (Primary degree, navy).
Mode: Motive.
Structure: Impulse.
Position: Wave ((5)) – navy.
Details: Wave ((4)) – navy seems to have ended at the low of 3src8.39 as a Triangle, and wave ((5)) – navy is unfolding to move higher, targeting around 386.63 – 400.00 or beyond. The invalidation point is 3src8.39.
COH Elliott Wave technical analysis – One-day chart
COH Elliott Wave four-hour chart analysis
Function: Major trend (Primary degree, navy).
Mode: Motive.
Structure: Impulse.
Position: Wave ((5)) – navy.
Details: Wave ((4)) – navy has just concluded at the low of 3src8.39 as a Triangle, and wave ((5)) – navy is likely to push higher, provided the price remains above 3src8.39. The target is 400.00 or beyond. The invalidation point is 3src8.39.
Conclusion
Our analysis, forecast of contextual trends, and short-term outlook for ASX: COCHLEAR LIMITED – COH aim to provide readers with insights into current market trends and strategies to capitalize on them effectively. We offer specific price points 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 market trend analysis.
Cochlear Limited Elliott Wave technical forecast [Video]
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