Elliott Wave Technical Analysis: Texas Instruments, Monday, Aug. 7

Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (TXN): Daily Chart for Monday, August 7.

TXN Stock Market Analysis: We have been moving as expected, looking for much more downside to come into wave Y. Despite of what will happen, this sideways move seems corrective in nature, which is why I am expecting further downside.  

TXN Elliott Wave Count: Wave 1 of (C).

TXN Technical Indicators: Above averages.

TXN Trading Strategy: Looking for shorts into wave 3 of (C).

TradingLounge Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart, Monday, August 7.

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: Looking for a series of threes and fours to complete wave 1. We could be looking for short term shorts into wave {v}.

TXN Elliott Wave count:  Wave {iii} of 1.

TXN Technical Indicators: Below all averages.

TXN Trading Strategy: Looking for shorts into wave {v} if we get the pullback in wave {iv}.

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