Jump to content

Texas Instruments Inc.(TXN:NASDAQ) Elliott Wave Technical Analysis 29 September 23


Recommended Posts

Texas Instruments Inc., Elliott Wave Technical Analysis
Texas Instruments Inc., (TXN:NASDAQ): Daily Chart, 29 September 23
TXN Stock Market Analysis: We have been moving lower as expected from the previous forecast. Looking for continuation lower as there is an incomplete bullish sequence. Looking for extension lower in wave {iii}. Downside target stands below wave (W).
TXN Elliott Wave Count: Wave {iii} of C.
TXN Technical Indicators: Below al averages.  
TXN Trading Strategy: Looking for shorts on the way down.  
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!
TXN_9_29.thumb.png.bac65876010f09ddea7b7ae7fac6aeb9.png
 
 
 
Texas Instruments Inc., TXN: 4-hour Chart, 29 September 23
Texas Instruments Inc., Elliott Wave Technical Analysis
TXN Stock Market Analysis: As we are getting an overlapping structure in what could be a wave {iii} there is a high chance we will see an acceleration lower to then see a series of fours and fives.  
TXN Elliott Wave count:  Wave (iii) of {iii}.
TXN Technical Indicators: 20EMA as resistance.
TXN Trading Strategy: Looking for shorts on the way down.
TXN_4H.thumb.png.a9cd29a1f0c7c653e78ec61543767913.png
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
  • General Statistics

    • Total Topics
      23,572
    • Total Posts
      96,885
    • Total Members
      44,146
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    KaydenHenson
    Joined 30/11/23 04:39
  • Posts

    • Hehe did you just say 2 ballon d'or? Messi has 8! The most any player has managed in history, 3 more than Ronaldo. If Messi had only 2, I doubt he'd have the GOAT status he has today 
    • Poorer economic data from South Korea and China put pressure on Asian markets, with China's manufacturing declining for a second month in a row and South Korea seeing industrial output fall by the biggest monthly amount in ten years. Stocks in Europe were given a lift yesterday by slowing German inflation figures, and this also helped to support Wall Street to an extent. More inflation data is expected today, this time from France and the eurozone, along with the US PCE price index. Given the surge in stock markets over the last month, and with month-end upon us, any uptick in US inflation data could put some pressure on equities. Also on the calendar for the day is the OPEC+ meeting, with the body discussing further output cuts given recent weakness in oil prices.   
    • EURGBP Elliott Wave Analysis Trading Lounge Day  Chart, 30 November 23 Euro/British Pound(EURGBP) Day Chart EURGBP Elliott Wave Technical Analysis Function:  Trend Mode: corrective   Structure: wave C of 2 Position: Black wave 2 Direction Next Higher Degrees:back wave 3 Details:blue wave C of 2 is in play and looking near to end between fib level 50.00 to 61.80 . Wave Cancel invalid level: 0.84930 The "EURGBP Elliott Wave Analysis Trading Lounge Day Chart" dated 30 November 23, provides an insightful examination of the Euro/British Pound (EURGBP) currency pair within a daily timeframe. This analysis is particularly focused on identifying trends and corrective movements in a broader time frame, offering traders a more comprehensive perspective on potential market developments. The specified "Function" of the analysis is "Trend," suggesting that the primary goal is to identify and understand the prevailing trend in the market. Despite being in a corrective mode, the market is considered to be trending, indicating that this corrective movement is occurring within the context of a larger directional bias. The designated "Mode" is "corrective," signifying that the analysis is centered around a phase where the market is undergoing adjustments within the Elliott Wave structure. A corrective mode implies a temporary divergence from the primary trend, indicating a potential pause or reversal in the overarching market direction. The specific "Structure" under scrutiny is "wave C of 2," indicating that the market is currently within the third and final wave of a corrective structure. This provides insights into the potential completion of this corrective wave on a daily scale. The specified "Position" is "Black wave 2," highlighting the broader-degree wave within the Elliott Wave structure. This implies that the analysis is primarily concerned with a correction within a larger uptrend, with the expectation that the current movement is part of the second wave in a potential uptrend. The directional guidance for "Next Higher Degrees" is "black wave 3," suggesting an anticipation of the continuation of the broader uptrend after the completion of the current corrective wave. Regarding "Details," the analysis notes that "blue wave C of 2 is in play and looking near to end between fib level 50.00 to 61.80." This offers traders a specific range of Fibonacci retracement levels within which the current corrective wave is expected to conclude. The "Wave Cancel invalid level" is set at 0.84930, serving as a crucial reference point for potential invalidation of the current wave count. Traders can use this level as a guide for confirmation or reversal signals. In conclusion, the EURGBP Elliott Wave Analysis on the daily chart suggests that the currency pair is undergoing a corrective phase within the broader uptrend. Traders are provided with insights into potential reversal levels and key reference points for decision-making on a longer time frame. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
×
×
  • Create New...
us