Jump to content

Berkshire Hathaway Inc.(BRK.B) Elliott Wave Technical Analysis 7 February 24

Recommended Posts

BRK.B Elliott Wave Analysis Trading Lounge Daily Chart, 7 February 24

Berkshire Hathaway Inc., (BRK.B) Daily Chart

BRK.B Elliott Wave Technical Analysis


MODE: Impulse


POSITION: Minor wave 5 of (1).

DIRECTION: Top in wave 5.

DETAILS: Watching Minor wave 5 unfolding in a five wave sequence, as we currently seem to be in wave {iii} of 5. We could expect 400$ to act as resistance.







BRK.B Elliott Wave Analysis Trading Lounge 4Hr Chart, 7 February 24

Berkshire Hathaway Inc., (BRK.B) 4H Chart

BRK.B Elliott Wave Technical Analysis


MODE: Impulsive


POSITION: Wave {iii} of 5.  

DIRECTION: Extension into wave (iii) of {iii}.

DETAILS: We seem to be in a wave (iii) of {iii} as the pullback that occurred around 380$ seem to be smaller than what is labelled as wave {ii} and therefore I do identify it as a lower degree correction.  

Welcome to our BRK.B Elliott Wave Analysis Trading Lounge, your go-to source for comprehensive insights into Berkshire Hathaway Inc. (BRK.B) through Elliott Wave Technical Analysis. As of the Daily Chart on 7th February 2024, we delve into pivotal trends shaping the market.




*BRK.B Elliott Wave Technical Analysis – Daily Chart*

In terms of wave dynamics, we discern a dominant impulse function with a motive structure. The current position is in Minor wave 5 of (1), indicating a potential top in wave 5. Our attention is fixated on the unfolding of Minor wave 5, manifested in a five-wave sequence, particularly as we appear to be in wave {iii} of 5. We anticipate resistance around the $400 mark.

*BRK.B Elliott Wave Technical Analysis – 4Hr Chart*

Here, the wave function remains impulsive with a motive structure. The present position is in Wave {iii} of 5, suggesting an extension into wave (iii) of {iii}. Notably, the pullback around $380 appears smaller than what is labeled as wave {ii}, indicating a lower degree correction. This suggests a potential wave (iii) of {iii} scenario.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • As crypto adoption explodes in the EU, Bitget is fueling the flames with Builders Meetups – engaging events designed for both crypto veterans and newbies. Imagine learning from the Bitget EU COO Apprentice and crypto bigwigs, then building your network with fellow enthusiasts (potential friends or collaborators!). Plus, expert talks will boost your crypto IQ and there might even be free swag! Bitget goes beyond exchange, fostering the community through educational resources on Bitget Academy and a user-friendly platform that welcomes newcomers to the exciting world of crypto. The "Meet Bitget: Your Gateway to Crypto Trading" event in Bucharest, Romania on July 18th is your chance to dive in – registration is free! Don't miss out and spread the word.
    • Zero gas fees, a massive prize pool, and the potential to bridge the gap between Web2 and Web3? I'm all in. This is exactly what the TON ecosystem needs to thrive. Can't wait to dive into all the activities and explore the potential of TON. Bitget Wallet is truly leading the way
    • It's great to see them expanding their reach and engaging with the crypto community in the Balkans. Networking with other crypto enthusiasts, learning about the latest trends, and potentially meeting the cex's EU COO Apprentice, it's a no-brainer. I'll be spreading the word to my crypto buddies in the region. Can't wait to see what insights and connections will come out of this.
  • Create New...