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Chevron Inc. (CVX) Stocks Elliott Wave Technical Analysis


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CVX Elliott Wave Analysis Trading Lounge Daily Chart,
Chevron Inc., (CVX) Daily Chart
CVX Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Minor wave 1.  
DIRECTION: Upside in Minute {v}.  
DETAILS: Looking for a top in Minor wave 1, to ideally break previous wave B top at 171$ to give us additional upside confirmation.
Stocks24(1).thumb.png.78b97861acf8f7ae054151f0f56f3ee1.png
 
CVX Elliott Wave Analysis Trading Lounge 4Hr Chart,
Chevron Inc.,  (CVX) 4Hr Chart
CVX Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (e) of {iv}.
DIRECTION: Upside in wave (i) of {v}.
DETAILS: Looking for the potential triangle in wave {iv} to be completed and look for upside resumption.
Stocks24.thumb.png.e496eb4859f9034f43206e190e5970f1.png
 
Explore the latest Elliott Wave analysis for Chevron (CVX) as of May 20, 2024. Discover key support and resistance levels and potential price targets for CVX stock.
 
* ETN Elliott Wave Technical Analysis – Daily Chart*
Chevron (CVX) is currently in the final stages of Minor wave 1, with an expected top in Minute wave {v}. We are looking for a break above the previous wave B top at $171, which would provide additional confirmation of further upside potential.
* ETN Elliott Wave Technical Analysis – 4Hr Chart*
On the 4-hour chart, CVX appears to be completing a potential triangle formation in wave {iv}. Once this triangle is completed, we expect an upside resumption in wave (i) of {v}.
 
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
 
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