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


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DexCom Inc., Elliott Wave Technical Analysis
DexCom Inc., (DXCM:NASDAQ): Daily Chart 23 August 23
DXCM Stock Market Analysis: WE have successfully moved lower ever since we identified the ending diagonal in wave (C) of primary B. We remain bearish as price suggest it’s missing one more leg to the downside into primary wave C.  
DXCM Elliott Wave Count: Wave (1) of C.  
DXCM Technical Indicators: 20 and 200EMA crossing(usually a bearish sign).
DXCM Trading Strategy: Looking for shorts after a pullback in wave (2).
TradingLounge Analyst: Alessio Barretta
 
DXCM_8_23.thumb.png.056751f1c8ac5e89fb170b33e08b3655.png
 
 
 
DexCom Inc., DXCM: 4-hour Chart, 23 August 23
DexCom Inc., Elliott Wave Technical Analysis
DXCM Stock Market Analysis: We can identify a potential five wave move into wave (1). Lookinf ro a pullback into wave (2) as we also have reached support at 100$.  
DXCM Elliott Wave count:  Wave 5 of (1).
DXCM Technical Indicators: Below all averages
DXCM Trading Strategy: Looking for upside into wave (2) to begin soon, to then look for shorts with invalidation at 139.5$
DXCM_4H.thumb.png.02f27f6f22d57769940318bcc858ab4a.png
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