ASX: MINERAL RESOURCES LIMITED - MIN: 18 APR, 2024 | 1D Semilog Scale Chart
© Master of Elliott Wave Analysis: Shane Hua, CEWA-M.
Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break beyond this level would extend towards 84.03, while maintaining levels below 65.36 is a significant advantage and a strong resistance level for this perspective.
Invalidation point: 61.00
© Master of Elliott Wave Analysis: Shane Hua, CEWA-M.
Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break beyond this level would extend towards 84.03, while maintaining levels below 65.36 is a significant advantage and a strong resistance level for this perspective.
Invalidation point: 61.00