Скачать или смотреть ASX Trading Success: AMCOR PLC – AMC Stock Elliott Wave Technical Forecast By TrdingLounge

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AMCOR PLC – AMC | Elliott Wave Technical Analysis (1D Chart – Semilog Scale)
Function: Major Trend (Intermediate degree, Orange)
Mode: Motive
Structure: Impulse
Position: Wave (3) – orange
Details:
Wave (1) – orange: Completed earlier.
Wave (2) – orange: Recently ended as a Double Zigzag (W, X, Y – grey).
This suggests that Wave (3) – orange is now underway and gaining momentum.
Invalidation Point: 14.11

AMCOR PLC – AMC | Elliott Wave Technical Analysis (4-Hour Chart)
Function: Major Trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave i)) – navy of Wave 3 – grey of Wave (3) – orange
Details:
Wave Y – grey of Wave (2) – orange has completed as a Zigzag, confirming the end of the correction.
The chart shows that from the 14.11 level, waves 1, 2, and 3 – grey are forming.
Currently, Wave 3 – grey is developing with sub-waves i)) to v)) – navy.
The trend suggests continued upside momentum.
Invalidation Point: 14.11

Conclusion:
This analysis of AMCOR PLC – AMC presents a clear outlook based on wave structure and current price behavior. By identifying key validation/invalidation points, we enhance the reliability of this forecast. Traders can use these insights to align with market movements and improve trading decisions. Our goal is to deliver a professional and objective view of market dynamics.

Technical Analyst : Hua (Shane) Cuong, CEWA-M (Master’s Designation)

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