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


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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

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