Jump to content

Exxon Mobil Corp.(XOM) Elliott Wave Technical Analysis 12 March 24


Recommended Posts

XOM Elliott Wave Analysis Trading Lounge Daily Chart, 12 March 24

Exxon Mobil Corp., (XOM) Daily Chart

XOM Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minor 1 of (5).

DIRECTION: Five waves up into wave 1.  

DETAILS: We have seen a long lasting correction in what could be wave (4), and we have now found support on 100$.

 

b5fbcb828220ae0f6e99b1d3094e57c7

 

 

 

XOM Elliott Wave Analysis Trading Lounge 4Hr Chart, 12 March 24

Exxon Mobil Corp., (XOM) 4Hr Chart

XOM Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive  

POSITION: Wave (iii) of {iii}.

DIRECTION: Completion in wave iii of (iii).

DETAILS: We are looking at acceleration higher, as we the move up starts to become parabolic. We are also seeing increasing volume on the most recent move higher suggesting more buyers are stepping into the market.

 

25d9d9c13b9039bd1a86a74154193bf9

 

 

 

Technical Analyst : Alessio Barretta

 

 

Welcome to our XOM Elliott Wave Analysis Trading Lounge, your go-to source for comprehensive insights into Exxon Mobil Corp. (XOM) using Elliott Wave Technical Analysis. Let's delve into the market dynamics as of the Daily Chart on 12 March 24.

* XOM Elliott Wave Technical Analysis – Daily Chart*

In our analysis, we identify a trending function characterized by an impulsive mode and a motive structure. Positioned in Minor wave 1 of (5), our focus lies on the completion of five waves up into wave 1. Notably, we have observed a prolonged correction, potentially indicating wave (4), with support found at $100.

*XOM Elliott Wave Technical Analysis – 4Hr Chart*

Here, we also observe a trending function marked by an impulsive mode and a motive structure. Positioned in Wave (iii) of {iii}, our attention is on the completion of wave iii of (iii). Noteworthy is the acceleration in the upward movement, with the trajectory beginning to exhibit a parabolic shape. Moreover, the recent surge in volume suggests an increasing number of buyers entering the market, further bolstering the bullish sentiment.

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
  • image.png

  • Posts

    • Certain centralised platforms have been very intentional about creating wealth for its users to this end CEXs like Bitget have built certain frameworks to aid this adequately.  Through the instrument of its launch pool, it lets users earn massive APR thus providing a good ground for wealth creation. The performance of some of the launchpool projects lends credence to this, the likes of $ENA, $ZKF $GRAPE and a host of others generated good APRs.  In an almost similar exactitude as the launchpool, the PoolX is the new framework that lets users earn by staking $BGB and $USDT to mine other tokens on the platform. From the products Bitget have brought forth it is safe to say the platform is playing a worthwhile part in wealth creation to every crypto enthusiast around the globe.  Personally, I have participated in these and i will say they are worthwhile opportunities to make fortunes off of, i will advise you jump on it too anon.
    • Certain centralised platforms have been very intentional about creating wealth for its users to this end CEXs like Bitget have built certain frameworks to aid this adequately.  Through the instrument of its launch pool, it lets users earn massive APR thus providing a good ground for wealth creation. The performance of some of the launchpool projects lends credence to this, the likes of $ENA, $ZKF $GRAPE and a host of others generated good APRs.  In an almost similar exactitude as the launchpool, the PoolX is the new framework that lets users earn by staking $BGB and $USDT to mine other tokens on the platform. From the products Bitget have brought forth it is safe to say the platform is playing a worthwhile part in wealth creation to every crypto enthusiast around the globe.  Personally, I have participated in these and i will say they are worthwhile opportunities to make fortunes off of, i will advise you jump on it too anon.
    • For example, look at today's 15/04/24,  DAX (Germany) 40 chart action. I predicted that the market would take off up from the very start and have a positive morning.
×
×
  • Create New...
us