Cisco Systems Inc. Elliott Wave Technical Analysis September 30 2022

Cisco SystemsInc., Elliott Wave Technical Analysis

Cisco Systems Inc.,(CSCO): Daily Chart, September 30 2022, 
CSCO Stock Market Analysis: We could be forming wave (iv) and I would expect it to be sideways as wave (ii) was a sharp correction.

CSCO Elliott Wave count:  (iv) of {v}.

CSCO Trading Strategy: Looking for short off wave (iv) once we get confirmation.

CSCO Technical Indicators: Eventually the 20EMA(red line) 9could act as resistance.

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Cisco Systems Inc., CSCO: 4-hour Chart, September 30 2022

Cisco Systems Inc., Elliott Wave Technical Analysis
CSCO Stock Market Analysis: We can see we past equality of (i) vs(iii) and now we are facing resistance at the same level.

CSCO Elliott Wave count:  (iv) of {v}.

CSCO Technical Indicators: We are starting to form RSI divergence.

CSCO Trading Strategy: Looking for shorts once we have confirmation wave (iv) is completed.

(Click on image to enlarge)

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