Jump to content

Berkshire Hathaway Inc., (BRK.B) BRK.B Elliott Wave Technical Analysis 12 February 24


Recommended Posts

BRK.B Elliott Wave Analysis Trading Lounge Daily Chart, 12 February 24

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

BRK.B Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION: Minor wave 5 of (1).

DIRECTION: Upside to top in wave {iii}.  

DETAILS: Looking for upside into wave {iii} of 5 knowing equality of 5 vs. 1, which is often times a well respected Fib ratio between waves ones and fives, stands at 408$. Looking for a potential wave {iii} of 5 to top there, to then start seeing the trend slowing down.

 

988b1ea8bbe246cad3ea2e7b7a665e11

 

 

 

BRK.B Elliott Wave Analysis Trading Lounge 4Hr Chart, 12 February 24

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

BRK.B Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (iii) of {iii}.  

DIRECTION: Upside into wave v of (iii).  

DETAILS: We seem to be in the final stages of wave iv of (iii), therefore we are expecting further upside into wave (iii) to then expect a series of threes and fours.

 

36a35583c4b8c8a6ab288a7a3e5d459d

 

 

 

Welcome to our BRK.B Elliott Wave Analysis Trading Lounge, where we provide detailed insights into Berkshire Hathaway Inc. (BRK.B) using Elliott Wave Technical Analysis. As of the Daily Chart on 12th February 2024, we delve into crucial developments shaping the market.

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

In terms of wave dynamics, we identify a prevailing impulse function with a motive structure. The current position is in Minor wave 5 of (1), indicating an upside trajectory towards the top in wave {iii}. Our focus is on the anticipated upside movement into wave {iii} of 5, with the equality of wave 5 versus wave 1 standing at $408, a significant Fib ratio often respected between waves ones and fives. We anticipate a potential top in wave {iii} of 5 around this level, signaling a slowdown in the trend.

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

Here, the wave function maintains its impulsive nature with a motive structure. The current position is in Wave (iii) of {iii}, suggesting further upside into wave v of (iii). As we approach the final stages of wave iv of (iii), we anticipate additional upside momentum into wave (iii), followed by a series of corrective threes and fours.

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

    • Hi KoketsoIG, Thank you for the clarification on that. Cheers
    • Dear @millennium_falcon, Hey there! Thank you for reaching out. Just a heads-up, you can only have one API key for each environment, either live or demo. No third API key can be created.  Thanks, KoketsoIG
    • To clarify my understanding. From my Usecase, I have three separate programs all operating interdependently from one another. A program to subscribe to tic data on a number of Epics via the LightStream API, another to grab historic on a number of Epics via the REST API, and finally another to manage positions via the REST API. I need to do this on my demo account initially to get API code stabilized. The IG website specifically says that I need separate API key for each distinct program connecting to IG over REST or LightStream. So in my understanding it looks like I need three API keys all for the demo account. Am I missing something or have I misunderstood how to use these API keys? I am aware of the API request limits and this is why I assumed you need a key per program. Currently I have one API key for the demo account and cannot seem to add more keys to the demo account? I have looked at the FAQ and cannot see an answer for my query.
×
×
  • Create New...
us