Ventas (VTR) continues to display a strong bullish structure based on Elliott Wave analysis. The stock has developed a clear impulsive sequence from its major low, forming higher highs and higher lows across multiple time frames. This price action reflects steady demand and supports a continuation of the upward trend.
From the chart, VTR completed a major corrective phase in wave (II) near the 2020 lows and has since entered a strong impulsive cycle. The rally from that low shows a well-defined five-wave structure, confirming that the trend has shifted firmly to the upside. Within this advance, the stock is currently progressing through wave ((3)), which typically represents the strongest and most extended phase of an Elliott Wave cycle.
Price has already delivered a sharp move higher, supported by smaller degree impulsive waves. The structure remains clean and suggests that buyers continue to control the market. As long as the sequence holds, further upside remains the preferred direction.
VTR Upside Targets and Pullback Strategy
In the near term, VTR may continue to push higher as wave ((3)) extends. The next key upside target stands near the 1.618 Fibonacci extension, which comes around the 104 level. This area aligns with projected resistance and could mark the completion of the current impulsive leg.
However, before reaching higher levels, the market may produce a corrective pullback in wave ((4)). This pullback should unfold in at least three swings and may take the form of a 3, 7, or 11 swing structure. Such corrections are typical within trending markets and often provide opportunities to enter in the direction of the trend.
Traders should view dips as buying opportunities rather than signs of weakness. The broader structure remains bullish as long as price stays above the invalidation level near 10.52. Holding above this level keeps the long-term trend intact and supports further upside potential.
Summary
Ventas maintains a strong bullish Elliott Wave structure, with wave ((3)) driving the current advance. The stock targets the 104 region in the near term, while any pullback in wave ((4)) should offer a buying opportunity. As long as price remains above 10.52, the bullish outlook stays valid and favors continued upside.
