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]
As with any investment opportunity there is a risk of making losses on investments that Trading Lounge expresses opinions on.
Historical results are no guarantee of future returns. Some investments are inherently riskier than others. At worst, you could lose your entire investment. TradingLounge™ uses a range of technical analysis tools, software and basic fundamental analysis as well as economic forecasts aimed at minimizing the potential for loss.
The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without considering your objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice considering your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in securities and derivatives products is appropriate for you considering your financial circumstances.
Recommended content
Editors’ Picks
AUD/USD oscillates in a range below 0.6300 amid mixed cues
AUD/USD struggles to build on the previous day's positive move and remains below the 0.6300 mark ahead of Trump's tariffs announcement later this Wednesday. In the meantime, the cautious market mood lends some support to the safe-haven USD and caps the upside for the pair.
USD/JPY remains below 150.00 as traders await Trump's tariffs
USD/JPY regains positive traction on Wednesday as receding bets that the BoJ would raise the policy rate at a faster pace undermine the JPY. Spot prices, however, remain confined in the weekly range as traders wait on the sidelines ahead of Trump's reciprocal tariffs announcement.
Gold price holds comfortably above $3,100 amid trade jitters
Gold price attracts some dip-buyers following the previous day's retracement slide from the record high amid persistent safe-haven demand, bolstered by worries about a tariff-driven global economic slowdown. Furthermore, Fed rate cut expectations and the lack of USD buying interest offer additional support to the XAU/USD.
US Government to conclude BTC, ETH, XRP, SOL, and ADA reserves audit next Saturday
Bitcoin price rose 3% on Tuesday, as MicroStrategy, Metaplanet and Tether all announced fresh BTC purchase. However, BTC price is likely to remain volatile ahead of the anticipated disclosure of U.S. government crypto holdings, which could fuel speculation in the coming days.
Is the US economy headed for a recession?
Leading economists say a recession is more likely than originally expected. With new tariffs set to be launched on April 2, investors and economists are growing more concerned about an economic slowdown or recession.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.