09Dec
Analog Devices Inc., Elliott Wave Technical Analysis 09 December 2022
Analog Devices Inc., Elliott Wave Technical Analysis 09 December 2022
4 Hour
Analog Devices Inc., ADI: 4-hour Chart, December 9 2022
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis:It looks like we will either have a flat or a triangle in wave {iv} as it could already be completed. A break south of the red line would start to compromise the whole count.
ADI Elliott Wave count: Wave (c) of {iv}.
ADI Technical Indicators: 20EMA acting as support.
ADI Trading Strategy: Looking for longs into wave {v}.
Daily
Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (ADI:NASDAQ): Daily Chart, December 9 2022,
ADI Stock Market Analysis: ADI has been moving as forecasted in the previous update. WE are still looking for further upside into wave {v} to then complete potential wave 1.
ADI Elliott Wave Count: Wave {iv} of 1.
ADI Technical Indicators: Above all EMAs with some sign of bearish RSI divergence
ADI Trading Strategy: Looking for short term trades to the upside or else wait for a larger pullback in wave 2 to then look for longs.
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