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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (Nasdaq: TXN): 4h Chart 18 December 2023

TXN Stock Market Analysis: We have been looking for longs after we’ve seen 150$ acting as tested support. Looking for a series of wave threes and fours as we could head towards major level 200$.  

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

TXN Technical Indicators: Above all averages.

TXN Trading Strategy: Looking for longs after a pullback in wave (iv).  

Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 1-hour Chart 18 December 2023

Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: Looking for a pullback into subminuette wave iv, to potentially retrace towards 165$ at around 38.2% of the advance in wave iii. Invalidation level stands at the top of wave i.  

TXN Elliott Wave count:  Wave iv of (iii).

TXN Technical Indicators: Above all averages.

TXN Trading Strategy: Looking for longs after a pullback in wave iv.

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