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Texas Instruments Inc.(TXN:NASDAQ) Elliott Wave Technical Analysis 30 January 23,


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Texas Instruments Inc.,Elliott Wave Technical Analysis

Texas Instruments Inc.,(TXN:NASDAQ): Daily Chart, 30 January 23,

TXNStock Market Analysis:Looking for completion of wave 2 after a potential five wave sequence in wave 1 of (3).

TXNElliott WaveCount:Wave{b} of2.

TXNTechnical Indicators:20EMA assupport.

TXNTrading Strategy:Looking for downside in wave {c} to then start looking for longs.

TradingLounge Analyst: Alessio Barretta

 

TXN_1_30.png.d7edbcff862781f7abdbd24c394a9aa8.png

 

Texas Instruments Inc., TXN:4-hour Chart, 30 January 23,

Texas Instruments Inc.,Elliott Wave Technical AnalysisTXNStock Market Analysis:The move up in wave 1 can also be counted as a three wave move which makes me doubt thecount as a whole.However the potential triangleseems clear for now.

TXNElliott Wave count:Wave(e) of{b}.

TXNTechnical Indicators:20EMA as resistance.

TXNTrading Strategy:You could place shorts on the triangle looking to trade wave {c}.

TXN_4H.png.4928ea86f2f3d2749d2be591a2058c15.png

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