Unlocking ASX Trading Success: Woolworths Group Limited – Monday, July 29

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 ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical AnalysisTradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WOOLWORTHS GROUP LIMITED – WOW. We see WOW.ASX potentially pushing lower in the short term.ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical Analysis
ASX: WOOLWORTHS GROUP LIMITED – WOW 1D Chart (Semilog Scale)Analysis Function:
Major trend (Intermediate degree, orange)Mode:
MotiveStructure:
ImpulsePosition:
Wave (2) – orange.Details:
Wave (1) – orange seems to have just finished with a five-wave pattern. Now, wave (2) – orange is unfolding to push lower. Targets are around 33.22 – 32.61. I will watch wave (2) to look for a long trade setup afterwards.Invalidation point: 30.12ASX: TRANSURBAN GROUP – TCL Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: WOOLWORTHS GROUP LIMITED – WOW Elliott Wave Technical Analysis
ASX: WOOLWORTHS GROUP LIMITED – WOW 4-Hour Chart AnalysisFunction:
Major trend (Intermediate degree, orange)Mode:
MotiveStructure:
ImpulsePosition:
Wave (2) – orangeDetails:
Wave (1) – orange has completed as a five-wave pattern. Now, it looks like wave (2) – orange is starting to unfold, potentially pushing lower. The first target is at 33.22, with further potential declines to 32.61 or 32.00.Invalidation point: 30.12Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: WOOLWORTHS GROUP LIMITED – WOW 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 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:Bitcoin Crypto Price News Today Elliott Wave Technical Analysis
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