Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]

DELL Elliott Wave analysis

• Function: Counter Trend.

• Mode: Corrective.

• Structure: Flat.

• Position: Wave C of (4).

• Direction: Downside in wave C.

Details:

• Expecting a clear five-wave move within wave C, currently in the process of Minute wave {iii}.

• As long as DELL remains below $100, further downside is expected.

DELL Elliott Wave analysis

• Function: Counter Trend.

• Mode: Corrective.

• Structure: Flat.

• Position: Wave (iv) of {c}.

• Direction: Downside in wave (v).

Details:

• The subdivision within Minute wave {iii} suggests a pullback in wave (iv).

• Further downside expected within wave (v), with target at TradingLevel8 near $80.

Summary of DELL analysis

Daily chart:

• Dell Technologies (DELL) is undergoing a corrective pattern, with wave C of (4) developing.

• A five-wave structure is unfolding within wave C, and Minute wave {iii} is currently in progress.

• As long as DELL stays below $100, further downside is likely, potentially completing wave C.

One-hour chart:

• DELL is experiencing a wave (iv) pullback within Minute wave {iii}.

• After this corrective phase, wave (v) is expected to move lower, with a target near $80.

• A completed five-wave move will mark the end of this corrective sequence.

Dell Technologies Inc. (DELL) Elliott Wave technical analysis [Video]