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DELL Elliott Wave Analysis – Trading Lounge Daily Chart

Dell Technologies Inc. (DELL) – Daily Chart

Elliott Wave Technical Analysis

• Function: Counter Trend
• Mode: Corrective
• Structure: Flat
• Position: Wave C of (4)
• Direction: Downside in wave C

Details:

• Expecting a clear five-wave move within wave C, currently in the process of Minute wave {iii}.
• As long as DELL remains below $100, further downside is expected.

DELL Elliott Wave Analysis – Trading Lounge 1-Hour Chart

Dell Technologies Inc. (DELL) – 1H Chart

Elliott Wave Technical Analysis

• Function: Counter Trend
• Mode: Corrective
• Structure: Flat
• Position: Wave (iv) of {c}
• Direction: Downside in wave (v)

Details:

• The subdivision within Minute wave {iii} suggests a pullback in wave (iv).
• Further downside expected within wave (v), with target at TradingLevel8 near $80.

Summary of DELL Analysis

Daily Chart:

• Dell Technologies (DELL) is undergoing a corrective pattern, with wave C of (4) developing.
• A five-wave structure is unfolding within wave C, and Minute wave {iii} is currently in progress.
• As long as DELL stays below $100, further downside is likely, potentially completing wave C.

1-Hour Chart:

• DELL is experiencing a wave (iv) pullback within Minute wave {iii}.
• After this corrective phase, wave (v) is expected to move lower, with a target near $80.
• A completed five-wave move will mark the end of this corrective sequence.

Technical Analyst: Alessio Barretta

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