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DexCom Inc.(DXCM:NASDAQ) Elliott Wave Technical Analysis 21 April 23

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DexCom Inc., Elliott Wave Technical Analysis

DexCom Inc., (DXCM:NASDAQ): Daily Chart, 21 April 23,

DXCM Stock Market Analysis: Looking for further upside into wave (C) as we have broken through confirmation level (green line).  

DXCM Elliott Wave Count: Wave 1 of (C).  

DXCM Technical Indicators: Above all averages.

DXCM Trading Strategy: Looking for upside into wave (C) as we should start o pullback for wave 2.  

TradingLounge Analyst: Alessio Barretta

 

DXCM_4_21.png.a6a6caf09bf4f1181fc8a39bb5358c2f.png

 

 

DexCom Inc., DXCM: 4-hour Chart, 21 April 23,

DexCom Inc., Elliott Wave Technical Analysis

DXCM Stock Market Analysis: We can see five waves into wave 1 as we are starting to pullback more than in the previous retracements. Looking for a clear three wave move into wave 2 before considering longs.  

DXCM Elliott Wave count: Wave {a} of 2.  

DXCM Technical Indicators: Above all averages.

DXCM Trading Strategy: Looking for longs into wave 3, ideally, we reach equality of {c} vs. {a}.

DXCM_4H.png.57575894833551f82a1e7ec695948df6.png

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