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Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis November 1 2022

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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI:NASDAQ): Daily Chart, November 1 2022, 

ADI Stock Market Analysis: We have a potential three wave move which seems complete and wecan see a potential leading diagonal in a wave 1 position forming off the lows.

ADI Elliott Wave Count: Wave {i} of 1.

ADI Technical Indicators:Below all EMAs, moving around the 20EMA.

ADI Trading Strategy:Wait for further confirmation before considering long term positions.

TradingLounge Analyst: Alessio Barretta






Analog Devices Inc., ADI: 4-hour Chart, November 1 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: Looking for one more move lower into wave (c) to completepotential wave {ii}.

ADI Elliott Wave count: Wave (c) of {ii}.

ADI Technical Indicators: Below all EMAS.

ADI Trading Strategy:wait for wave (c) to be completed before looking for longs, eventually youmay even take a risk and take a quick short on potential wave (c).


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