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Cisco Systems Inc.(CSCO:NASDAQ) Elliott Wave Technical Analysis September 30 2022

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Cisco SystemsInc., Elliott Wave Technical Analysis

Cisco Systems Inc.,(CSCO:NASDAQ): Daily Chart, September 30 2022, 
CSCOStock Market Analysis: We could be forming wave (iv) and I would expect it to be sideways as wave (ii) was a sharp correction.

CSCO Elliott Wave count:  (iv) of {v}.

CSCOTrading Strategy:Looking for short off wave (iv) once we get confirmation.

CSCOTechnical Indicators:Eventually the 20EMA(red line) 9could act as resistance.

TradingLounge Analyst: Alessio Barretta





Cisco Systems Inc.,CSCO: 4-hour Chart, September 30 2022

Cisco Systems Inc.,Elliott Wave Technical Analysis
CSCO Stock Market Analysis: We can see we past equality of (i) vs(iii) and now we are facing resistance at the same level.

CSCOElliott Wave count:  (iv) of {v}.

CSCO Technical Indicators: We are starting to form RSI divergence.

CSCOTrading Strategy: Looking for shorts once we have confirmation wave (iv) is completed.


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