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Analog Devices Inc., Elliott Wave Technical Analysis
Analog Devices Inc., (Nasdaq: ADI): Daily Chart, 12 January 23,
ADI Stock Market Analysis: We are witnessing a larger retracement which seems to correspond to wave 2. We could still be in wave {b} of 2 or else we have completed wave 2 already.
ADI Elliott Wave Count: Wave {b} of 2.
ADI Technical Indicators: Above all averages
ADI Trading Strategy: Looking for shorts into wave {c}.
Analyst: Alessio Barretta
Analog Devices Inc., ADI:4-hour Chart, 12 January 23,
Analog Devices Inc., Elliott Wave Technical Analysis
ADI Stock Market Analysis: Looking for resistance around the 61.8% retracement. The invalidation level would be a break of the red line which would confirm the idea that wave 2 is completed.
ADI Elliott Wave count: Wave (c) of {c}.
ADI Technical Indicators: Above all averages
ADI Trading Strategy: Looking for shorts on wave {b}, confirmation is needed first.
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