Vertiv Holdings Co. (VRT), together with its subsidiaries, designs, manufactures & services critical digital infrastructure technologies & life cycle services for data centers, communication networks & commercial & industrial environments in America, Asia Pacific, Europe, Middle East & Africa. It is based in Westerville, OH, US & comes under Industrials sector & trades as “VRT” ticket for NYSE. In Weekly sequence, VRT favors upside in III of (I) as impulse Elliott wave sequence since all time low of $4.75. Currently, it favors corrective pullback in ((4)) towards $73.40 – $58.38 area against April-2023 low before it should resume higher.

VRT – Elliott Wave Latest Daily View: 

In weekly, it made all time low at $4.75 in March-2020. Above there, it placed I of (I) at $28.80 high in August-2021 high & II at $7.76 low in July-2022 low. It already broke to new high in III sequence as the part of (I). Within III, it placed ((1)) at $17.88 high as diagonal, ((2)) at $11.95 low as dip pullback. Above there, it ended extended ((3)) sequence at $109.27 high & favors corrective pullback in 3 swings lower towards $73.40 – $58.38 area, while bounce fail below $97.50 high.

VRT – Elliott Wave Latest Weekly View: 

Within ((3)), it placed (1) at $43.13 high, (2) at $34.60 low, (3) at $88.69 high, (4) at $72.58 low & finally ended (5) as ((3)) at $109.27 high. It placed (A) of ((4)) at $85.14 low & (B) at $97.50 high. It already broke below (A) low, favoring downside towards daily blue box area to finish the correction. Alternatively, if it breaks above (B) high, it should be in next leg higher, while ended correction at last low. We like to buy the pullback towards daily blue box area, when reached for the next leg higher or at least 3 swing bounce. The current pullback can be either the part of ((4)) or even can be IV pullback in (I) & expect at least one more push higher. Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.

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