Intuit Inc., Elliott Wave Technical Analysis

Intuit Inc., (INTU): Daily Chart, 17 August 23

INTU Stock Market Analysis: The count is suggesting the completion of a large degree wave 4 with the 400$ bottom, from which we are looking for additional upside.  

Upside target for wave 3 stands at 521$.  

INTU Elliott Wave Count: Wave {iv} of 3.  

INTU Technical Indicators: Above all averages,20EMa as support.

INTU Trading Strategy: Looking for longs in wave 3 to then look for additional downside into 4.    

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Intuit Inc., INTU: 4-hour Chart 17 August 23

Intuit Inc., Elliott Wave Technical Analysis
INTU Stock Market Analysis: Looking for a triangle in wave {iv} to be near completion. Invalidation level stands at 486.8$, we are finding support on the 23.6% retracement of wave [iii}.

INTU Elliott Wave count:  Wave (e) of {iv}

INTU Technical Indicators: In between averages

INTU Trading Strategy: Looking longs into wave {v} with invalidation at 486$.

(Click on image to enlarge)

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