DexCom Inc.(DXCM:NASDAQ) Elliott Wave Technical Analysis 14 June 23

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DexCom Inc., Elliott Wave Technical Analysis

DexCom Inc., (DXCM:NASDAQ): Daily Chart, 14 June 23,

DXCM Stock Market Analysis: We are looking at the resumption of the uptrend as we expected in the last forecast. We finally broke the top of wave {i} and we are now looking for upside into wave (C).

DXCM Elliott Wave Count: Wave {iii} of 3.

DXCM Technical Indicators: Above all averages.  

DXCM Trading Strategy: Looking for upside to unfold into wave {iii}.

TradingLounge Analyst: Alessio Barretta
 

 

 

 

DexCom Inc., DXCM: 1-hour Chart, 14 June 23

DexCom Inc., Elliott Wave Technical Analysis
DXCM Stock Market Analysis: We are looking at a potential wave (i) of {iii} completed as we have broken the top of wave 1 with wave {i} of 3 and then we did the same with wave (i) of {iii}.

At this point we can look for another leg lower to complete wave (ii) and then seek for upside resumption.

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

DXCM Technical Indicators: Above all averages.  

DXCM Trading Strategy: Looking for one last leg lower to then resume upside.