Jump to content

Spotify Inc.(SPOT:NYSE) Elliott Wave Technical Analysis 10 August 23

Recommended Posts

Spotify Inc., Elliott Wave Technical Analysis
Spotify Inc., (SPOT:NYSE): Daily Chart, 10 August 23
SPOT Stock Market Analysis: We’ve seen a large advanced to the upside into what seems to be either a wave. 1 or A. At this point we can look for a pullback into 2 or B.  
SPOT Elliott Wave Count: Wave {c} of 2.  
SPOT Technical Indicators: 200EMA as support.s
SPOT Trading Strategy: Looking for longs once we have a clear picture on the type of correction of potential wave 2 or B.
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!

Spotify Inc., SPOT: 4-hour Chart, 10 August 23
Spotify Inc., Elliott Wave Technical Analysis
SPOT Stock Market Analysis: We could either be in wave (c) of {a} or else in wve {c} of 2 as labelled. I would not be surprised to find a double correction lower. The area of support on the left is around the area of wave {iv}.
SPOT Elliott Wave count:  Wave {c} of 2.  
SPOT Technical Indicators: Below all averages.
SPOT Trading Strategy: Looking for longs once we have a clear picture on the type of correction of potential wave 2 or B.
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • I trade leveraged futures on Binance so I'm going to miss them, not that much though cos I also use Bitget exchange, and they have high liquidity and low fees, So I will just move my funds there and continue leveraged trading.
    • If you've tried using Ethereum, you know it can get slow and expensive. Think of Starknet as a helper that makes everything faster and cheaper. It does this by taking a bunch of transactions, squishing them into one, and then processing that one. This means more transactions can happen at once without clogging up the system. For people making apps on the blockchain (they call these dApps), Starknet is like a dream come true because it lets their apps handle a lot more users without slowing down. It also gives them the freedom to make their apps work just how they want, making things better for users. When it comes to making money, Starknet charges fees to use its network and lets people 'stake' their coins – that's like putting your money in a savings account that helps the network run, and you get a little reward for that. So, what do you think about Starknet? It's all about helping Ethereum handle more action without any hassle. Could be a big deal for how we use digital money, right?
    • Why is this?    what’s the reason? I’ve had open positions on this stock for over 3 years 
  • Create New...