Berkshire Hathaway Inc. (BRK.B) Elliott Wave technical analysis [Video]

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

BRK.B Elliott Wave technical analysis

Function: Trend.

Mode: Impulse.

Tructure: Motive.

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.

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

BRK.B Elliott Wave technical analysis

Function: Trend.

Mode: Impulsive.

Structure: Motive.

Postios: 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.  

Technical Analyst: Alessio Barretta.

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