Unlocking ASX Trading Success: National Australia Bank Limited – Friday, Aug. 23

ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with NATIONAL AUSTRALIA BANK LIMITED – NAB. We see NAB.ASX looking to push higher with wave (iii)-orange.ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Wave Technical AnalysisASX: NATIONAL AUSTRALIA BANK LIMITED – NAB 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (iii)-orange of Wave ((v))-navy Details: Since the low at 34.67, wave (iii)-orange is unfolding to push higher, which itself is subdividing into waves ((1)),((2))-navy and currently wave (1)-orange. Wave (2)-orange will soon unfold to push a little lower, and finally wave (3)-orange will return to push higher.Invalidation point: 35.70ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB 4-Hour Chart AnalysisFunction: Major trend (Minuette degree, orange) Mode: Motive Structure: Impulse Position: Wave (2)-orange of Wave ((3))-navy of Wave (iii)-orange Details: Wave ((3))-navy is unfolding to push higher, it itself subdivides into wave (1)-orange, price has pushed higher, so it may end soon, and wave (2)-orange will push lower a bit, finally wave (3)-orange will return and continue its work to push higher, aiming at the target at the upper edge of the Channel. Invalidation point: 35.70

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Our analysis, forecast of contextual trends, and short-term outlook for ASX: NATIONAL AUSTRALIA BANK LIMITED – NAB aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act 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 perspective on market trends.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).More By This Author:Elliott Wave Technical Analysis: Cardano Crypto Price News For Friday, Aug 23
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