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Texas Instruments Inc.(TXN) Stocks Elliott Wave Technical Analysis


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TXN Elliott Wave Analysis Trading Lounge Daily Chart,
Texas Instruments Inc., (TXN) Daily Chart
TXN Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Minute {iii} or 3.
DIRECTION: Upside in {iii}.
DETAILS: Moving as expected, looking for at least equality of 3 vs 1, as we could turn into an ABC and many times equality of C vs. A is a common target.
Stocks24.thumb.png.6115cacf9e739b67881e25b63a3c8e3e.png
 
TXN Elliott Wave Analysis Trading Lounge 4Hr Chart,
Texas Instruments Inc., (TXN) 4Hr Chart
TXN Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Minute (iii) of {iii}.
DIRECTION: Upside in {iii}.
DETAILS: Looking for upside into wave (v) of {iii}, we seem to be at equality of {iii] vs. {i}, looking for equality to turn into support.
Stocks24(1).thumb.png.359079a24f74acbc29a24368fe30e183.png

Discover the latest Elliott Wave analysis for Texas Instruments (TXN) as of May 17, 2024. Learn about key support and resistance levels, and potential price targets for TXN stock.
 
* TXN Elliott Wave Technical Analysis – Daily Chart*
Texas Instruments (TXN) is moving as expected within the impulsive wave structure. We are looking for at least equality of wave 3 vs. wave 1. This movement could potentially turn into an ABC pattern, as equality of wave C vs. wave A is a common target in corrective waves.
 
*TXN Elliott Wave Technical Analysis – 4Hr Chart*
In the 4-hour chart, TXN is progressing within wave (v) of {iii}. Currently, the stock is at the equality level of wave {iii} vs. wave {i}. We are looking for this equality to turn into a support level, which would further confirm the bullish trend.
 
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
 
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