Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]
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DELL Elliott Wave analysis
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Function: Counter Trend.
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Mode: Corrective.
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Structure: Flat.
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Position: Wave C of (4).
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Direction: Downside in wave C.
Details:
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Expecting a clear five-wave move within wave C, currently in the process of Minute wave {iii}.
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As long as DELL remains below $100, further downside is expected.
DELL Elliott Wave analysis
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Function: Counter Trend.
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Mode: Corrective.
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Structure: Flat.
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Position: Wave (iv) of {c}.
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Direction: Downside in wave (v).
Details:
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The subdivision within Minute wave {iii} suggests a pullback in wave (iv).
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Further downside expected within wave (v), with target at TradingLevel8 near $80.
Summary of DELL analysis
Daily chart:
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Dell Technologies (DELL) is undergoing a corrective pattern, with wave C of (4) developing.
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A five-wave structure is unfolding within wave C, and Minute wave {iii} is currently in progress.
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As long as DELL stays below $100, further downside is likely, potentially completing wave C.
One-hour chart:
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DELL is experiencing a wave (iv) pullback within Minute wave {iii}.
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After this corrective phase, wave (v) is expected to move lower, with a target near $80.
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A completed five-wave move will mark the end of this corrective sequence.
Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]
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