Insurance Australia Group Limited (IAG) Elliott Wave forecast [Video]

Our Elliott shaft analysis is now focusing on the Australian stock exchange (ASX) And the stock Insurance Australia Group Limited (IAG).

At the moment, ASX: IAG The stocks remain in a correction wave and can become lower before showing a potential upward movement.

ASX: Insurance Australia Group Limited (IAG) Elliott Wave Technical Analysis

One-day diagram analysis (Semilog scale)

Function: Main trend (primary degree, navy).
Mode: Motif.
Structure: Pulse.
Position: Welle (4) – Orange.

Details:

Welle (3) – Orange recently as completed as Five waves Sequence marked 1 gray to 5 gray.
At the moment, Welle (4) – Orange Probably presses lower and aims at 6.982 Next key level.
A Long -term bullish wave (5) – orange The scenario is unlikely. Instead, we may have only completed the first phase of one ABC zigzag within the wave (4) – orange.

Invalidation point: 9.210

ASX: Insurance Australia Group Limited (IAG) Elliott Wave Technical Analysis

Four -hour diagram analysis

Function: Main trend (medium degree, orange).
Mode: Motif.
Structure: Pulse.
Position: Welle A – gray of the wave (4) – orange.

Details:

Look closely Welle (4) – OrangeIt continues.
The structure seems to be one ABC correction (gray).
Welle A – gray is almost complete to prepare further downward movements Welle C – gray.

Invalidation point: 9.210.

Diploma

Our Elliott wave analysis and forecast for ASX: Insurance Australia Group Limited (IAG) intend, valuable insights into the Market trends and potential opportunities.

We identify specifically Price validation and disability levels To improve trust in the wave number and help dealers make well -founded decisions. By including these elements, we strive to imagine one Objective and professional market perspective.