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Exxon Mobil Inc. (XOM) Stocks Elliott Wave Technical Analysis


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XOM Elliott Wave Analysis Trading Lounge Daily Chart,
Exxon Mobil Inc., (XOM) Daily Chart
XOM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {v}.
DIRECTION: Upside in {v}.
DETAILS: Looking for upside in wave {v} as we seem to have completed a three wave move in wave {iv}.
Stocks24(1).thumb.png.81be5bca4c2f439eeda124681889bb53.png
 
XOM Elliott Wave Analysis Trading Lounge 4Hr Chart,
Exxon Mobil Inc., (XOM) 4Hr Chart
XOM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (i) of {v}.
DIRECTION: Upside in wave (i) of {v}.
DETAILS: Looking for upside into wave (i) to take out the top of wave (b) at 120$ to give us additional upside confirmation.  
Stocks24.thumb.png.6618d39fbbfbfd7f41d4e391d5458b84.png

In our Elliott Wave analysis of Exxon Mobil Inc. (XOM), we observe an impulsive trend characterized by a motive structure. XOM is currently positioned in wave {v}, indicating an upside movement in wave {v}. It appears that a three-wave corrective move in wave {iv} has been completed, setting the stage for further upward momentum. Traders should monitor this wave closely for continued bullish developments.
 
* XOM Elliott Wave Technical Analysis – Daily Chart*
In our Elliott Wave analysis of Exxon Mobil Inc. (XOM), we observe an impulsive trend characterized by a motive structure. XOM is currently positioned in wave {v}, indicating an upside movement in wave {v}. It appears that a three-wave corrective move in wave {iv} has been completed, setting the stage for further upward momentum. Traders should monitor this wave closely for continued bullish developments.
 
* XOM Elliott Wave Technical Analysis – 4Hr Chart*
On the 4-hour chart, XOM is following an impulsive trend within a motive structure, specifically in wave (i) of {v}. The current analysis shows a potential upside movement into wave (i) of {v}, with the key level to watch being the top of wave (b) at $120. Breaking this level would provide additional confirmation of further upside. Traders should be prepared for potential long positions as this bullish scenario unfolds.
 
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
 
Link to comment
On 03/06/2024 at 11:33, tradinglounge said:
XOM Elliott Wave Analysis Trading Lounge Daily Chart,
Exxon Mobil Inc., (XOM) Daily Chart
XOM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave {v}.
DIRECTION: Upside in {v}.
DETAILS: Looking for upside in wave {v} as we seem to have completed a three wave move in wave {iv}.
Stocks24(1).thumb.png.81be5bca4c2f439eeda124681889bb53.png
 
XOM Elliott Wave Analysis Trading Lounge 4Hr Chart,
Exxon Mobil Inc., (XOM) 4Hr Chart
XOM Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (i) of {v}.
DIRECTION: Upside in wave (i) of {v}.
DETAILS: Looking for upside into wave (i) to take out the top of wave (b) at 120$ to give us additional upside confirmation.  
Stocks24.thumb.png.6618d39fbbfbfd7f41d4e391d5458b84.png

In our Elliott Wave analysis of Exxon Mobil Inc. (XOM), we observe an impulsive trend characterized by a motive structure. XOM is currently positioned in wave {v}, indicating an upside movement in wave {v}. It appears that a three-wave corrective move in wave {iv} has been completed, setting the stage for further upward momentum. Traders should monitor this wave closely for continued bullish developments.
 
* XOM Elliott Wave Technical Analysis – Daily Chart*
In our Elliott Wave analysis of Exxon Mobil Inc. (XOM), we observe an impulsive trend characterized by a motive structure. XOM is currently positioned in wave {v}, indicating an upside movement in wave {v}. It appears that a three-wave corrective move in wave {iv} has been completed, setting the stage for further upward momentum. Traders should monitor this wave closely for continued bullish developments.
 
* XOM Elliott Wave Technical Analysis – 4Hr Chart*
On the 4-hour chart, XOM is following an impulsive trend within a motive structure, specifically in wave (i) of {v}. The current analysis shows a potential upside movement into wave (i) of {v}, with the key level to watch being the top of wave (b) at $120. Breaking this level would provide additional confirmation of further upside. Traders should be prepared for potential long positions as this bullish scenario unfolds.
 
Technical Analyst Alessio Barretta
Source : Tradinglounge.com get trial here!
 

Hi,

If there is a channel where I can learn this type of analysis, can you share it?

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