ASX: XERO LIMITED – XRO Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with XERO LIMITED – XRO. We see XERO LIMITED developing under a Diagonal, and in the short term, it could continue to push higher.ASX: XERO LIMITED – XRO 1D Chart (Semilog Scale) AnalysisFunction: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave (v)-orange of Wave (i)-navy
Details: Perhaps the whole pattern is developing as a Diagonal, and since the low of 126.69, the (v)-orange wave is continuing to push higher as a Zigzag. The maximum target it can reach is lower than the high at 157.45.
Invalidation point: 138.60 
ASX: XERO LIMITED – XRO Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: XERO LIMITED – XRO Elliott Wave Technical Analysis ASX: XERO LIMITED – XRO 4-Hour Chart AnalysisFunction: Major trend (Minute degree, navy)
Mode: Motive
Structure: Impulse
Position: Wave c-grey of Wave (iv)-orangeDetails: Since the low at 126.68, the (v)-orange wave is pushing higher as a Zigzag within the larger-degree Diagonal pattern. It itself looks like it just completed the b-grey wave at the low at 138.60, and the c-grey wave is unfolding to push higher, targeting the immediate target at the high at 149.70. Invalidation point: 138.60 
Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: XERO LIMITED – XRO 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.More By This Author:BAJAJAUTO Stocks Elliott Wave Technical Analysis – Monday, September 9
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