02Feb
Spotify Technology S.A., Elliott Wave Technical Analysis 02 February 2023
Spotify Technology S.A., Elliott Wave Technical Analysis 02 February 2023
1Hour
Spotify Technology S.A., SPOT: 1-hour Chart, February 2 2023,
Spotify Technology S.A., Elliott Wave Technical Analysis
SPOT Stock Market Analysis: We can count five waves off the lows in wave {i} as well as five waves into wave {iii}. We could be near the end of (v), 2.618% {iii} vs. {i} could be the next resistance.
SPOT Elliott Wave count: Wave (v) of {iii}.
SPOT Technical Indicators: RSI in overbought territory as well as well above the averages.
SPOT Trading Strategy: Looking for wave {iv} before placing longs.
Daily
Spotify Technology S.A., Elliott Wave Technical Analysis
Spotify Technology S.A., (SPOT:NYSE): Daily Chart, February 2 2023,
SPOT Stock Market Analysis: Looking for an impulsive move off the lows as we are seeing a steep climb that broke through the 200EMA and the volume based point of control
SPOT Elliott Wave Count: Wave {iii} of 1.
SPOT Technical Indicators: Above all averages.
SPOT Trading Strategy: Looking for wave {iv} to enter long.
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