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DexCom Inc.(DXCM:NASDAQ) Elliott Wave Technical Analysis 1 May 23


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DexCom Inc., Elliott Wave Technical Analysis
DexCom Inc., (DXCM:NASDAQ): Daily Chart, 1 May 23,
DXCM Stock Market Analysis: We broke through confirmation by break the green line and we are pulling back as expected. Looking for further upside into wave 3.  
DXCM Elliott Wave Count:  Wave 2 of  (C).
DXCM Technical Indicators: Above all averages.
DXCM Trading Strategy: Looking for a pullback into wave 2 to then look for longs.  
TradingLounge Analyst: Alessio Barretta
 
DXCM_5_1.thumb.png.c0ebc156c63c39b0f4389c136f903afa.png
 
 
 

 
DexCom Inc., DXCM: 4-hour Chart, 1 May 23,
DexCom Inc., Elliott Wave Technical Analysis
DXCM Stock Market Analysis: By looking at the smaller timeframes it looks like we could have had a three wave move into wave 2 completed. We could start looking for longs with a stop at the end of wave E, allowing for a double correction lower into wave 2 of (C).
DXCM Elliott Wave count:  Wave 2 of  (C).
DXCM Technical Indicators: 20EMA as resistance.
DXCM Trading Strategy: Looking longs with a stop at the end of wave E.
DXCM_4H.thumb.png.f4c7e3ccf37ac4bd4a979e6404e4a36a.png
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