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


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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
 
DXCM_6_5.png.d9216c9e5ca6e27eb4db23ec0234bb05.png
 
 

 
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.
DXCM_4H.png.90c1ea50f36a045ebe0ce8b34fa02f3d.png
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