09Nov
Analog Devices Inc., Elliott Wave Technical Analysis Wednesday 09 November
Analog Devices Inc., Elliott Wave Technical Analysis Wednesday 09 November
4 Hour
Analog Devices Inc., ADI: 4-hour Chart, November 9 2022
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Potentially we are within a wave {iii} meaning that we should be able to identify five subwaves. It looks like we are forming wave (iv) of {iii}.
ADI Elliott Wave count: Wave (iv) of {iii}.
ADI Technical Indicators: Using the 200EMA as support.
ADI Trading Strategy: Looking for a short term long position if we are able to get a clearer view on the nature of potential wave (iv).
Daily
Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (ADI:NASDAQ): Daily Chart, November 9 2022,
ADI Stock Market Analysis: Moving perfectly as expected from the previous forecast. We are looking for an overall resumption of the previous uptrend. Looking to see further upside before considering long term positions.
ADI Elliott Wave Count: Wave {iii} of 1.
ADI Technical Indicators: 200EMA acting as resistance.
ADI Trading Strategy: Looking for an established and clear five wave move to the upside into wave 1.
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