Jump to content

Texas Instruments Inc.(TXN:NASDAQ) Elliott Wave Technical Analysis 27 April 23


Recommended Posts

Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, 27 April 23,

TXN Stock Market Analysis: After we got stopped out at breakeven in our trade, I reviewed the whole count and I am allowing for much more downside. Looking for the move in wave (A) to complete within the end of the month to then look for a pullback in wave (B).

TXN Elliott Wave Count: Wave (A) of Y.  

TXN Technical Indicators: Below all averages, RSI bearish divergence.

TXN Trading Strategy: Looking for short before wave (A) end to then look for additional shorts at the end of wave (B).

TradingLounge Analyst: Alessio Barretta

 

TXN_4_27.png.62a4faf89b4e244f2968a3e296f863a6.png

 

 

Texas Instruments Inc., TXN: 4-hour Chart, 27 April 23,

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: Looking for more downside as labelled, we could start to form a series of threes and fours which should be shorting opportunities.

TXN Elliott Wave count: Wave 3 of (A).  

TXN Technical Indicators: Below all averages.

TXN Trading Strategy: Looking for additional downside.

TXN_4H.png.1acf1938e9cd33e5c1febff78c582ed5.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • The recent controversy surrounding Kucoin executives reignites the debate on the regulation of centralized exchanges. Many argue that without proper oversight, preventing fraud on these platforms becomes exceedingly difficult. While some may resist government intervention, the persistence of fraudulent activities prompts us to question how long we can turn a blind eye. Despite reservations about figures like Gary Gensler, it's crucial to recognize the potential benefits of regulatory bodies like the SEC. The specter of another FTX-like incident looms large, with potential market ramifications given Kucoin's size. The recent sentencing of SBF, the former FTX founder, to 25 years in prison, serves as a stark reminder of the necessity for regulatory action to ensure long-term transparency and accountability. While decentralized exchanges offer an alternative, they are not without their own risks. This underscores the case for comprehensive regulation. However, recent events, such as the Nigerian government's request for user data from Binance, raise legitimate concerns about user privacy and governmental overreach. Can exchanges operate without incident for decades? Can we build a future where users feel genuinely confident and secure in their transactions? These are pressing questions that demand thoughtful consideration as we navigate the ever-evolving landscape of crypto exchanges.
    • I've developed an initial version of a market sentiment checker, which utilizes the concept of weighted log returns to gauge the mood of the financial markets. This tool is designed to simplify the complex task of assessing market sentiment by analyzing fluctuations in price data. By applying weights to log returns, it emphasizes the significance of certain data points over others, offering a more nuanced view of market dynamics. This approach allows for a fundamental analysis of market sentiment and provides insights into the current state of the market at any given moment. It serves as a valuable tool for investors and traders looking to make informed decisions based on the underlying sentiment driving market movements. sentiment-sleuth - Github Link
    • Demo account: Please note that conditions on demo accounts may differ from real accounts. Some brokers may only provide overnight loans on real accounts and not on demo accounts.
×
×
  • Create New...
us