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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (Nasdaq: TXN): Daily Chart, 29 September 2023

TXN Stock Market Analysis: We have been moving lower as expected from the previous forecast. Looking for continuation lower as there is an incomplete bullish sequence. Looking for extension lower in wave {iii}. Downside target stands below wave (W).

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

TXN Technical Indicators: Below al averages.  

TXN Trading Strategy: Looking for shorts on the way down.  

Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart, 29 September 2023

Texas Instruments Inc., Elliott Wave Technical Analysis
TXN Stock Market Analysis: As we are getting an overlapping structure in what could be a wave {iii} there is a high chance we will see an acceleration lower to then see a series of fours and fives.  

TXN Elliott Wave count:  Wave (iii) of {iii}.

TXN Technical Indicators: 20EMA as resistance.

TXN Trading Strategy: Looking for shorts on the way down.

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