PG Elliott Wave Analysis Trading Lounge Daily Chart, 15 March 24The Procter & Gamble Company, () Daily ChartPG Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (3).DIRECTION: Upside in wave 1 of (3).DETAILS: We are still trading below ATH, as we are approaching the bottom of MG2 at 165$ where we are expecting resistance.(Click on image to enlarge)
PG Elliott Wave Analysis Trading Lounge 4Hr Chart, 15 March 24The Procter & Gamble Company, (PG) 4Hr ChartPG Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (v) of {iii}.DIRECTION: Upside into wave (v). DETAILS: Looking for further upside into wave (v) as we could have completed wave i of (v). As mentioned, I’d expect 165$ to act as resistance, even if we have touched 1618 {iii} vs. {i} at 162$.Welcome to our PG Elliott Wave Analysis Trading Lounge, your go-to resource for comprehensive insights into The Procter & Gamble Company (PG) using Elliott Wave Technical Analysis. Let’s delve into the market dynamics as of the Daily Chart on 15th March 2024.(Click on image to enlarge)
* PG Elliott Wave Technical Analysis – Daily Chart*In our analysis, we identify a trending function characterized by impulsive mode and motive structure. Positioned in Wave (3), our focus is on the upside movement in wave 1 of (3). While we’re still trading below the all-time high (ATH), we anticipate encountering resistance as we approach the bottom of MG2 at $165. * PG Elliott Wave Technical Analysis – 4Hr Chart*Here, we also observe a trending function marked by impulsive mode and motive structure. Positioned in Wave (v) of {iii}, our attention is on the upside movement into wave (v). We anticipate further upward momentum, considering the possibility of completing wave i of (v). Despite touching $162, we expect $165 to serve as resistance, especially given its significance in the Elliott Wave framework.More By This Author:
