By
Peter Mathers
of
Trading Lounge
Friday, September 30, 2022 6:59 AM EST
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.
(Click on image to enlarge)
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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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular 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, tradinglounge takes no responsibility whatsoever for your trading profits or losses. 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 in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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