19Jan
OReilly Automotive Inc., Elliott Wave Technical Analysis 18 January 2023
OReilly Automotive Inc., Elliott Wave Technical Analysis 18 January 2023
4 Hour
OReilly Automotive Inc., ORLY: 4-hour Chart, January 19 2023,
OReilly Automotive Inc., Elliott Wave Technical Analysis
ORLY Stock Market Analysis: Looking for downside into wave {c}, unfolding as expected. The count the way it is right now would only allow for a wave (v) shorter than (iii) therefore it’d mean having a short wave {c}. That means we could possibly be in wave (i) of {c} instead.
ORLY Elliott Wave count: Wave (v) of {c}.
ORLY Technical Indicators: Below all averages but the 200EMA.
ORLY Trading Strategy: Looking for downside to ends wave {c}.
Daily
OReilly Automotive Inc., Elliott Wave Technical Analysis
OReilly Automotive Inc., (ORLY:NASDAQ): Daily Chart, January 19 2023,
ORLY Stock Market Analysis: Looking for a larger retracement into wave 2 to possibly take us back to fill the gap around 780$.
ORLY Elliott Wave Count: Wave {c} of 2.
ORLY Technical Indicators: In between averages.
ORLY Trading Strategy: Looking for the end of wave 2 to enter long.
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