Exxon Mobil Corp., Elliott Wave Technical Analysis

Exxon Mobil Corp., (XOM): 4h Chart, 8 November 23

XOM Stock Market Analysis: We have been looking at a potential wave 2 as we have been moving lower in what seems to be a corrective move. Looking to find support soon as we approach invalidation level at 100$.

XOM Elliott Wave Count: Wave {y} of 2.  

XOM Technical Indicators: Below all averages.  

XOM Trading Strategy: Looking for upside into wave 3.  

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Exxon Mobil Corp., XOM: 1-hour Chart, 8 November 23

Exxon Mobil Corp., Elliott Wave Technical Analysis
XOM Stock Market Analysis: Looking for potential wave (c) of {y} to be missing one only leg lower. Looking for support at 103$ as there is an area of demand.  

XOM Elliott Wave count:  Wave (c) of {y}.

XOM Technical Indicators: Below all averages.  

XOM Trading Strategy: Looking for longs after upside confirmation.

(Click on image to enlarge)

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