Dell Technologies Inc. (DELL) Stocks Elliott Wave Technical Analysis

[tradinglounge]

DELL Elliott Wave Analysis Trading Lounge Daily Chart,

Dell Technologies Inc., (DELL) Daily Chart

DELL Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minute {iii}.

DIRECTION: Upside into wave {iii} of 1.

DETAILS: Looking for a bottom in place in wave (4), which as of right now needs additional confirmation, which could be provided by a classic Trading Levels pattern across MG1 of 100$.

DELL Elliott Wave Analysis Trading Lounge 1H Chart,

Dell Technologies Inc.,(DELL) 1H Chart

DELL Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave (i) of {iii}.

DIRECTION: Completion of wave (i).

DETAILS: Looking for one more leg up towards what appears to be wave v of (i), as we seem to be moving sideways within a triangle.

In this Elliott Wave analysis for Dell Technologies Inc. (DELL), we explore both the daily and 1-hour charts to assess the stock's current price action and structure. This provides insight into potential opportunities for traders based on wave positioning and upcoming market moves.

* DELL Elliott Wave Technical Analysis – Daily Chart*

On the.daily chart, Dell Technologies is in an impulsive within Minute Wave {iii} of 1. The stock is searching for confirmation of a bottom in Wave (4). A key area to watch is MG1 (Minor Group 1) at $100, which could serve as support or a pivot level. A classic Trading Levels pattern around this level would offer additional confirmation that Wave (4) has ended and Wave {iii} is underway.

The upcoming price action is expected to be bullish As wave {iii} unfolds, with an initial target likely pushing past the $100 mark.

* DELL Elliott Wave Technical Analysis – 1H Chart*

In the 1-hour chart, Dell is in Wave (i) of {iii}, and we are approaching the final leg up within Wave v of (i). The stock appears to be moving sideways, forming a triangle pattern, which often occurs before the last thrust in a wave sequence.

Once Wave (i) is complete, there may be a minor correction before further upside within Wave {iii} resumes. Traders should monitor the breakout from the triangle, as it will likely lead to the completion of this initial wave.

Technical Analyst : Alessio Barretta

Source : Tradinglounge.com get trial here!