Eaton Corp. PLC (ETN) Stocks Elliott Wave Technical Analysis

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ETN Elliott Wave Analysis Trading Lounge Daily Chart,

Eaton Corp. PLC, (ETN) Daily Chart

ETN Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minute wave {iii}.

DIRECTION: Upside in Minuette (v).  

DETAILS: Looking for upside in wave {iii}, equality of {iii} vs. {i} stands at 375$, which could be an ideal target. 

 

 

 

 

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ETN Elliott Wave Analysis Trading Lounge 4Hr Chart,

Eaton Corp. PLC, (ETN) 4Hr Chart

ETN Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave ii of (v).

DIRECTION: Upside in wave iii.

DETAILS: Looking for a pullback in wave ii to then resume higher. Looking for a clear three wave move in ii, volume seems to suggest the corrective nature of the whole move.

 

 

The latest Elliott Wave analysis for Eaton Corp. PLC (ETN) highlights a promising scenario for traders and investors, with both the daily and 4-hour charts indicating a continuation of the impulsive trend.

 

* ETN Elliott Wave Technical Analysis – Daily Chart*

The daily chart shows ETN's movement in an impulsive mode, within a motive structure, currently in Minute wave {iii}. The analysis suggests an ongoing upside movement, specifically targeting Minuette (v). A significant target identified is $375, based on the equality of wave {iii} versus wave {i}. This target level represents a potential point of interest for traders looking to capitalize on the continuation of the bullish trend.

 

* ETN Elliott Wave Technical Analysis – 4Hr Chart*

Consistent with the daily analysis, the 4-hour chart also supports a bullish outlook. Currently, ETN is in wave ii of Minuette (v), indicating a brief pullback before a likely continuation higher into wave iii. The corrective nature of wave ii is underscored by volume analysis, suggesting that the pullback is temporary and part of a broader impulsive sequence.

 

Technical Analyst : Alessio Barretta

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