Block, Inc – XYZ (SQ2) Elliott Wave analysis and Elliott Wave technical forecast [Video]

ASX: Block, Inc – XYZ (SQ2) Elliott Wave technical analysis

Today’s Elliott Wave analysis updates the Australian Stock Exchange (ASX) with insights on BLOCK, INC – XYZ (SQ2).

We observe that ASX:XYZ has the potential to rise within a (3) – orange wave. However, for this bullish scenario to strengthen, the price must remain above the invalidation point for approximately 5–7 days.

ASX: BLOCK, INC – XYZ (SQ2) one-day chart (semilog scale) analysis

Function: Major Trend (Intermediate Degree, Orange).
Mode: Motive.
Structure: Impulse.
Position: Wave ii)) – Navy of Wave (3) – Orange.
Details:
Wave (2) – Orange appears to have completed, and wave (3) – Orange is developing upward.
A breakout above $93.49 would confirm the long-term bullish setup, targeting highs near $110.
Invalidation point: 76.54.

ASX: Block, Inc – XYZ (SQ2) four-hour chart analysis

Function: Major Trend (Minute Degree, Orange).
Mode: Motive.
Structure: Impulse.
Position: Wave ((I)) – Navy of Wave (3) – Orange.
Details:
Zooming in from the low at 76.54, wave (3) – Orange is progressing upward.
Within this, a complete navy sequence from ((i)) to ((v)) is forming.
Price movement should stay above 76.54 to uphold this bullish view.
Invalidation point: 76.54

Conclusion

Our Elliott Wave analysis and short-term forecast for ASX: BLOCK, INC – XYZ (SQ2) aim to provide readers with practical market insights.
We outline specific validation and invalidation levels to strengthen confidence in the wave structure.
By integrating analysis and market trends, we deliver an objective and professional viewpoint to assist in effective trading decisions.