IAG Elliott Wave technical forecast [Video]
By: bitcoin ethereum news|2025/05/05 05:45:01
0
Share
IAG Elliott Wave technical analysis Today’s Elliott Wave update covers the Australian Stock Exchange (ASX) and INSURANCE AUSTRALIA GROUP LIMITED – IAG. Our analysis indicates that ASX:IAG is finalizing a B-grey wave and is setting up for another decline. At this stage, there are no clear signs of a bullish trend developing, making it risky to consider a long setup. Function: Major Trend (Minor Degree, Grey). Mode: Motive. Structure: Impulse. Position: Wave c)) – navy of Wave B – grey. Details: Wave 3) – orange has completed a full five-wave structure. Currently, wave 4) – orange is developing lower as a Zigzag pattern, labeled A, B, C – grey. Wave A – grey has completed, and wave B – grey is advancing higher as an Expanded Flat pattern. The c)) – navy of wave B – grey is anticipated to reach around 8.25–8.46 levels. Invalidation point: End of Wave b)) – navy. Function: Major Trend (Minor Degree, Grey). Mode: Motive. Structure: Impulse. Position: Wave c)) – navy of Wave B – grey. Details: Zooming in, from the 7.420 level, wave B – grey is developing as an Expanded Flat, indicating a sideways movement with low momentum. Wave b)) – navy appears more complex than wave a)) – navy, and wave c)) – navy is stronger than both previous subwaves, a typical feature of a Flat pattern. Prices are likely to rise towards 8.25–8.46 levels before the end of wave B – grey and the start of a wave C – grey decline. Conclusion Our analysis offers insights into ASX: INSURANCE AUSTRALIA GROUP LIMITED – IAG’s current trends, equipping readers with key price levels to validate or invalidate the wave count. This structured approach strengthens the confidence in our market outlook. Our goal is to deliver a professional and objective market view. Technical analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). IAG Elliott Wave technical analysis [Video] Source: https://www.fxstreet.com/news/iag-elliott-wave-technical-forecast-video-202505050507
You may also like
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
A Comprehensive Analysis: Starting from 1996, Who is Laying the Foundation for the Next Generation of Capital Markets
Luke Dashjr, the Biggest Anti-Spammer of Bitcoin, Inscribed Phrases on the Network in 2011
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds
WEEX API Fast Connect is a one-click OAuth authorization system that lets your users link their WEEX account without ever touching an API key. Frictionless onboarding, faster conversions, higher retention — built for WEEX Broker partners.
Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

