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Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis, 12 January 23


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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI:NASDAQ): Daily Chart, 12 January 23,

ADI Stock Market Analysis: We are witnessing a larger retracement which seems to correspond towave 2. We could still be in wave {b} of 2 or else we have completed wave 2 already.

ADI Elliott Wave Count: Wave {b} of 2.

ADI Technical Indicators:Above all averages

ADI Trading Strategy:Looking for shorts into wave {c}.

TradingLounge Analyst: Alessio Barretta

 

ADI_1_12.png.2db3d522345819126bd32cf7d6e2161b.png

 

 

 

Analog Devices Inc., ADI:4-hour Chart, 12 January 23,

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis:Looking for resistance around the 61.8% retracement. Invalidationlevel would be a break of red line which would confirm the idea wave 2 is completed.

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

ADI Technical Indicators: Above all averages

ADI Trading Strategy:Looking for shorts on wave {b}, confirmation is needed first.

ADI_4H.png.8c2e39303c69198a93365806134bfb77.png

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