Exxon Mobil Inc.(XOM:NYSE) Elliott Wave Technical Analysis 9 January 24

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Exxon Mobil Inc., Elliott Wave Technical Analysis

Exxon Mobil Inc., (XOM:NYSE): 4h Chart 9 January 24

XOM Stock Market Analysis: As we are trading around a Major level-100$- we need to be mindful, there is a possibility we have five waves off the bottom in a leading diagonal and we could now be correcting in wave {ii}.  

XOM Elliott Wave Count: Wave {ii} of 1.  

XOM Technical Indicators: Below all averages.

XOM Trading Strategy: Looking for longs after a Trading Level Pattern on 100$ and a break of (b).

TradingLounge Analyst: Alessio Barretta

 

 

 

 

 

Exxon Mobil Inc., XOM: 1-hour Chart 4 January 24

Exxon Mobil Inc., Elliott Wave Technical Analysis XOM Stock Market Analysis: Looking for a potential bottom in place in wave (c) knowing we could still continue lower as we seem to be missing a fifth wave. Looking for a break of (b) before considering longs.  

XOM Elliott Wave count:  Wave (i) of {i}.  

XOM Technical Indicators: Below all averages.

XOM Trading Strategy: Looking for longs after a Trading Level Pattern on 100$ and a break of (b).