10X Genomics Inc.(TXG:NASDAQ) Elliott Wave Technical Analysis 6 April 23

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10X Genomics Inc., Elliott Wave Technical Analysis

10X Genomics Inc., (TXG:NASDAQ): Daily Chart, 6 April 23,

TXG Stock Market Analysis: I changed the count a bit, calling a top in wave 5, therefore if you had longs it could be time to take profits. Looking for a three wave move to the downside as either a wave B or 2 to then resume higher.  

TXG Elliott Wave Count:  Wave 5 of (1).  

TXG Technical Indicators: Above all averages.

TXG Trading Strategy: Looking for long term longs after we get a three wave move into wave (2) or (B).

TradingLounge Analyst: Alessio Barretta
 

 

10X Genomics Inc.,  TXG: 4-hour Chart, 6 April 23,

10X Genomics Inc., Elliott Wave Technical Analysis
TXG Stock Market Analysis: As you can see it seems like we had a triangle in wave 4 as labelled. Looking for further downside into wave A which could be traded on short timeframes.  

TXG Elliott Wave count:  Wave {i} of A.  

TXG Technical Indicators: In between averages.

TXG Trading Strategy: Looking short term shorts as we should start to unfold lower.