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
 

 

 

 

 

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.