AMC Elliott Wave technical analysis
In today’s Elliott Wave update for the Australian Stock Exchange (ASX), we focus onAMCOR PLC – AMC. Based on our wave analysis, AMC has just completed a second corrective wave—aDouble Zigzagpattern. This setup indicates that a newthird wave, which is amotive wave, is now initiating. This wave opens the potential for a sustained upward movement. Below, we explore the forecasted trend structure for AMC.
-
Function: Major trend (Intermediate degree, orange).
-
Mode: Motive.
-
Structure: Impulse.
-
Wave Position: Wave (3) – orange.
Insights:
-
Wave (1) – orange has already been completed.
-
Recently, wave (2) – orange finished forming as aDouble Zigzag(W-X-Y, grey).
-
This suggests thatWave (3) – orangeis beginning and gaining momentum for a bullish move.
Invalidation level: 14.11.
AMC Elliott Wave technical analysis
-
Function: Major trend (Minor degree, grey).
-
Mode: Motive.
-
Structure: Impulse.
-
Wave position: Wave i)) – navy of Wave 3 – grey of Wave 3) – orange.
Details:
-
The Y – grey wave of wave 2) – orange has finalized as aZigzag, confirming the end of the corrective phase.
-
Post 14.11, the1, 2, 3 – greywaves are unfolding upward, confirming bullish continuation.
-
Current wave: 3 – grey is expanding via i)) – navy to v)) – navy, indicating a strong push upward.
Invalidation level: 14.44.
Conclusion
This analysis outlines key trends and forecasts forAMCOR PLC – AMC, offering detailed wave counts and validation levels to strengthen trader confidence. With the completion of corrective structures, AMC appears poised for a significant upward move. Our technical outlook blends long-term context with actionable short-term targets, ensuring both clarity and professional insight.
Analyst: Hua (Shane) Cuong, CEWA-M.
AMC Elliott Wave technical analysis [Video]
About The Author
