Jump to content

Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis December 15 2022


Recommended Posts

Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI:NASDAQ): Daily Chart, December 15 2022, 

ADI Stock Market Analysis: It has been moving as expected from the previous update. Lookingfor a potential top in place as we could have started wave 2.

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

ADI Technical Indicators:Above all averages.

ADI Trading Strategy:Looking for longs on the pullback in wave 2.

TradingLounge Analyst: Alessio Barretta

 

ADI_12_15.thumb.png.635c90a28dc611811dfc5de67107cf93.png

 

 

Analog Devices Inc., ADI:4-hour Chart, December 15 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis:There is a possibility wave {v} is finished. Alternatively we can bein wave (i) of {v} and extend higher.

ADI Elliott Wave count: Wave {v} of 1.

ADI Technical Indicators: Currently using the 20EMA as support and the top in wave {v} hasbeen made on RSI divergence.

ADI Trading Strategy:Looking for longs into wave {v} if we turn out to be in wave (i) of {v} or else we are looking for shorts.

ADI_4H.thumb.png.b5d697c618a4c1bf70e21faefd038a38.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,155
    • Total Posts
      93,063
    • Total Members
      42,554
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    grantchingyu
    Joined 09/06/23 03:06
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 9 June 23,   Ripple/U.S.dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis  Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (1) of Motive Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3 Wave Cancel invalid level: 0.41001 Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 9 June 23,   Ripple/U.S.dollar(XRPUSD) XRPUSD Elliott Wave Technical Analysis  Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 5 Direction Next higher Degrees: wave (1) of Motive Details: Wave 5 is usually equal to .618 multiplied Length of wave 1 through wave 3 Wave Cancel invalid level: 0.41001 Ripple/U.S.dollar(XRPUSD)Trading Strategy: Ripple is still in an uptrend. But it was in a phase of correction in wave 4 before rising again in wave 5, in line with price being above the MA200 line, showing a strong uptrend. But even so, we need more information to identify wave 4 patterns to determine readiness for rising wave 5, wait for wave 4 to finish. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, Wave Oscillator has a Bullish momentum.
    • This is a great answer... Oddly, this is the process i went through and "Trailing" wasn't an option. After looking again, it is now there and working. Thank you.
    • Charting the Markets: 08 June Brent crude oil, silver and copper capped by resistance in low volatile trading. EUR/USD range bound while USD/CAD and AUD/CAD remain bearish post BoC rate hike. And levels to watch. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 08 June 2023             This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.  
×
×
  • Create New...