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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (Nasdaq: TXN): Daily Chart 1 September 2023

TXN Stock Market Analysis: We have been looking for a potential five wave move to the downside into what could be wave {i} of a much larger correction, to be in place. It looks like we are trying to pullback to then resume lower.  

TXN Elliott Wave Count: Wave {ii} of C.

TXN Technical Indicators: Below all averages.

TXN Trading Strategy: Looking for further upside into wave {ii} before continuing lower.  

Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart 1 September 2023

Texas Instruments Inc., Elliott Wave Technical Analysis
TXN Stock Market Analysis: ON the lower time frames it looks like we could be moving sideways into a triangle in wave (b) to then resume higher into wave (c) to around 50-61% of the previous advance.  

TXN Elliott Wave count:  Wave (b) of {ii}.

TXN Technical Indicators: 20EMA as support.

TXN Trading Strategy: Look for shorts at the end of {ii}.

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