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Texas Instruments Inc.(TXN:NASDAQ) Elliott Wave Technical Analysis 1 September 23


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Texas Instruments Inc., Elliott Wave Technical Analysis
Texas Instruments Inc., (TXN:NASDAQ): Daily Chart 1 September 23
TXN Stock Market Analysis: We have been looking for a potential five wave move to the downside into what could be wave {i} of a much larger correction, to be in place. It looks like we are trying to pullback to then resume lower.  
TXN Elliott Wave Count: Wave {ii} of C.
TXN Technical Indicators: Below all averages.
TXN Trading Strategy: Looking for further upside into wave {ii} before continuing lower.  
TradingLounge Analyst: Alessio Barretta
 
TXN_9_1.thumb.png.f6c10d8cdf124481fab1ff38b196914e.png
 
 
 
Texas Instruments Inc., TXN: 4-hour Chart 1 September 23
Texas Instruments Inc., Elliott Wave Technical Analysis
TXN Stock Market Analysis: ON the lower time frames it looks like we could be moving sideways into a triangle in wave (b) to then resume higher into wave (c) to around 50-61% of the previous advance.  
TXN Elliott Wave count:  Wave (b) of {ii}.
TXN Technical Indicators: 20EMA as support.
TXN Trading Strategy: Looknig for shorts at the end of {ii}.
TXN_4H.thumb.png.ff09ab2f4f893e32c1aaa9cd8c41d9ff.png
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