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TXN Elliott Wave Analysis Trading Lounge Daily Chart,

Texas Instruments Inc., (TXN) Daily Chart

TXN Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minute {iii} or 3.

DIRECTION: Upside in {iii}.

DETAILS: Moving as expected, looking for at least equality of 3 vs 1, as we could turn into an ABC and many times equality of C vs. A is a common target.

TXN Elliott Wave Analysis Trading Lounge 4Hr Chart,

Texas Instruments Inc., (TXN) 4Hr Chart

TXN Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Minute (iii) of {iii}.

DIRECTION: Upside in {iii}.

DETAILS: Looking for upside into wave (v) of {iii}, we seem to be at equality of {iii] vs. {i}, looking for equality to turn into support.

Discover the latest Elliott Wave analysis for Texas Instruments (TXN) as of May 17, 2024. Learn about key support and resistance levels, and potential price targets for TXN stock.

* TXN Elliott Wave Technical Analysis – Daily Chart*

Texas Instruments (TXN) is moving as expected within the impulsive wave structure. We are looking for at least equality of wave 3 vs. wave 1. This movement could potentially turn into an ABC pattern, as equality of wave C vs. wave A is a common target in corrective waves.

*TXN Elliott Wave Technical Analysis – 4Hr Chart*

In the 4-hour chart, TXN is progressing within wave (v) of {iii}. Currently, the stock is at the equality level of wave {iii} vs. wave {i}. We are looking for this equality to turn into a support level, which would further confirm the bullish trend.

Technical Analyst: Alessio Barretta

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