WaveTrack International

Elliott Wave Financial Price Forecasting

Australia ASX 200 close to the critical resistance level

by m.tamosauskas| July 25, 2014 | No Comments


Additional upside has brought the ASX close to its original upside projections at 5631. These are derived basis the assumption that an expanding flat sequence is in progress from the Oct.’13 high of 5457 – a fib. 38.2% upside extension of the initial decline from there labelled minor wave a. measures to 5631 which should provide strong resistance for the current rally. A reversal is expected from there to validate wave c. declines in the months ahead. A fib. 38.2% downside extension of wave a. projects to ultimate targets at 4873 which tallies with a fib. 38.2% retracement of intermediate wave (3).


About WTI

WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

Subscribe to our feed

WTI Links