Toll Brothers, Inc., (TOL) designs, builds, markets, sells & arranges finance for the range of detached & attached homes in Luxury residential communities in the United States. It also owns & operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly & manufacturing operations. It comes under Consumer Cyclical sector & trades as “TOL” ticker at NYSE.
As discussed in previous article, TOL favored upside in ((5)) from July-2024 low, which ended at $169.52 high. Below there, it favors corrective pullback in IV against October-2022 low before rally resumes in V of (III).
TOL – Elliott Wave Latest Daily View: 
In weekly, it ended (II) flat correction at $13.28 low in March-2020 low & resume higher in (III). Within (III), it placed I at $75.61 high in December-2021 & II at $39.53 low in October-2022 low. In III sequence, it placed ((1)) at $84.57 high, ((2)) at $68.08 low, ((3)) at $135.37 high, ((4)) at $108.86 low & ((5)) at $169.53 high ended at 0.618 Fibonacci extension. Within ((5)), it placed (1) at $146.75 high, (2) at $123.01 low, (3) at $160.12 high, (4) at $137.83 low & (5) as III at $169.52 high.
TOL – Elliott Wave View From 7.22.2024: 
Below $169.52 high, it favors zigzag pullback in IV against October-2022 low. It appears ended ((A)) at $120.77 low & favors bounce in ((B)) towards $139.45 – $150.96 area. If it extends below $120.77 low, it still be the part of ((A)) before bounce in ((B)). Once it ends ((B)) in 3, 7 or 11 swings, it favors lower in ((C)) to finish IV, which provides next buying opportunity for at least 3 swing bounce or continuation. Alternately, the current pullback can be (IV) correction against March-2020 low & remain supported in pullback.
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.
Back