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The Procter & Gamble Company (PG) Elliott Wave Technical Analysis 1 March 24


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PG Elliott Wave Analysis Trading Lounge Daily Chart, 1 March 24

The Procter & Gamble Company, (PG) Daily Chart

PG Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION: Minuette wave (ii) of {iii}.

DIRECTION: Bottom in wave (ii).  

DETAILS: As we are approaching ATH at 165$, we are expecting either an acceleration higher into wave (3) or else we could have topped in wave (C) to then fall back lower and continue the major correction.

 

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PG Elliott Wave Analysis Trading Lounge 4Hr Chart, 1 March 24

The Procter & Gamble Company, (PG) 4Hr Chart

PG Elliott Wave Technical Analysis

FUNCTION: Counter Trend

MODE: Corrective

STRUCTURE: Zigzag  

POSITION: Wave a of (ii).  

DIRECTION: Downside into wave (ii).

DETAILS: Looking for a clear three wave move into wave (ii) to finding support around the 155$ mark.  

Welcome to our PG Elliott Wave Analysis Trading Lounge, your ultimate destination for detailed insights into The Procter & Gamble Company (PG) using Elliott Wave Technical Analysis. As of the Daily Chart on 1 March 24, we dive into crucial trends shaping the market.

 

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*PG Elliott Wave Technical Analysis – Daily Chart*

In terms of wave dynamics, we identify a trend function with an impulse structure, specifically a motive pattern. The current position is in Minuette wave (ii) of {iii}, indicating a potential bottom in wave (ii). With the approaching all-time high (ATH) at $165, we anticipate either an upward acceleration into wave (3) or a potential top in wave (C), followed by a downward movement to continue the major correction.

*PG Elliott Wave Technical Analysis – 4Hr Chart*

Here, we explore a counter trend mode with a corrective structure, specifically a zigzag pattern. The present position is in Wave a of (ii), suggesting downside movement into wave (ii). We anticipate a clear three-wave move into wave (ii), aiming to find support around the $155 mark.

 

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