25Jan
OReilly Automotive Inc. Elliott Wave Technical Analysis 24 January 2023
OReilly Automotive Inc. Elliott Wave Technical Analysis 24 January 2023
4Hour
OReilly Automotive Inc., ORLY: 4-hour Chart, January 24 2023,
OReilly Automotive Inc., Elliott Wave Technical Analysis
ORLY Stock Market Analysis: By looking at the 4H chart It looks like we could see further downside in wave (v) before resuming higher.
ORLY Elliott Wave count: Wave (iv) of {c}.
ORLY Technical Indicators: 200EMA acting as support.
ORLY Trading Strategy: Waiting for one more leg lower before either considering entering an extremely risky trade or else wait for upside confirmation.
Daily
OReilly Automotive Inc., Elliott Wave Technical Analysis
OReilly Automotive Inc., (ORLY:NASDAQ): Daily Chart, January 24 2023,
ORLY Stock Market Analysis: We are reacting off equality of {c} vs. {a}, however it is early to call this a bottom as we could continue lower.
ORLY Elliott Wave Count: Wave {c} of 2.
ORLY Technical Indicators: RSI entering oversold territory.
ORLY Trading Strategy: Looking for a break of wave {b} to start considering longs, or else enter long now having a very risky trade and a stop below 1.618 {c} vs. {a}.
About the Author
Related
Elliott Wave charts by Alessio Barretta 4 Hour - It looks like we have a clear five wave move in wav...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for further downside into wave {c} as we co...
Read More >
US Stocks Technical Analysis Elliott Wave Forecast overview: Stocks softer in the last session which...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - Looking for another leg down into wave {v} of C as ...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - As you can see it seems like we had a triangle in w...
Read More >
Elliott Wave charts by Alessio Barretta 4 Hour - We are approaching the yellow area which represents...
Read More >
You need to login in order to comment