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Illumina Inc.(ILMN:NASDAQ) Elliott Wave Technical Analysis 15 August 23

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Illumina Inc., Elliott Wave Technical Analysis
Illumina Inc., (ILMN:NASDAQ): Daily Chart, 15 August 23
ILMN Stock Market Analysis: We’ve been forecasting a triangle in wave 4 for a while now, and it has been moving according to the count. Looking for additional downside into wave 5, equality with wave 1 stands at 146. We could find support within the box as we also have an opening gap to fill on the left.
ILMN Elliott Wave Count: Primary wave 5 of Cycle a.  
ILMN Technical Indicators: Below all averages.
ILMN Trading Strategy: Looking for additional downside to at least 146$.  
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!
Illumina Inc.,  ILMN: 4-hour Chart 15 August 23
Illumina Inc., Elliott Wave Technical Analysis
ILMN Stock Market Analysis: We are seeing a potential (1)-(2) completed as we continue lower. Invalidation stands north of 195$.  
ILMN Elliott Wave count:  Wave 3 of (3).  
ILMN Technical Indicators: 20EMA acting as resistance.
ILMN Trading Strategy: Looking for shorts with invalidation at 195$.
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