Elliott Wave Technical Analysis: Analog Devices Inc.

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Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (Nasdaq: ADI) Daily Chart, November 1, 2022, 

ADI Stock Market Analysis: We have a potential three-wave move which seems complete and we can see a potential leading diagonal in a wave 1 position forming off the lows.

ADI Elliott Wave Count: Wave {i} of 1.

ADI Technical Indicators: Below are all EMAs, moving around the 20EMA.

ADI Trading Strategy: Wait for further confirmation before considering long-term positions.

Analyst: Alessio Barretta

Analog Devices Inc., ADI: 4-hour Chart, November 1, 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: Looking for one more move lower into wave (c) to complete potential wave {ii}.

ADI Elliott Wave count: Wave (c) of {ii}.

ADI Technical Indicators: Below all EMAS.

ADI Trading Strategy: wait for wave (c) to be completed before looking for longs, eventually you may even take a risk and take a quick short on a potential wave (c).


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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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