DexCom Inc.(DXCM:NASDAQ) Elliott Wave Technical Analysis 5 June 23

[tradinglounge]

DexCom Inc., Elliott Wave Technical Analysis

DexCom Inc., (DXCM:NASDAQ): Daily Chart, 5 June 23,

DXCM Stock Market Analysis: We are seeing upside resumption as we have been waiting for upside into wave 3 after the triangle in wave (B). First target for wave (C) would be 0.618 (C) vs. (A).

DXCM Elliott Wave Count: Wave 3 of (C).

DXCM Technical Indicators: Above all averages.

DXCM Trading Strategy: Looking for upside resumption into wave 3, ideally we first break wave {b} of 2 and then resume higher.  

TradingLounge Analyst: Alessio Barretta
 

 

 

 

DexCom Inc., DXCM: 4-hour Chart, 5 June 23

DexCom Inc., Elliott Wave Technical Analysis
DXCM Stock Market Analysis: We are looking at a sharp move higher into what seems to be wave (iii), we want to see five waves up into wave {i} to break the top of Minor wave 1 and then a three wave pullback in wave {ii} to then look for longs.  

DXCM Elliott Wave count:  Wave  (iii) of {i}.

DXCM Technical Indicators: Above all averages.

DXCM Trading Strategy: Looking for upside into as suggested.