Monday, January 30, 2023 8:34 AM EST
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Texas Instruments Inc., Elliott Wave Technical Analysis
Texas Instruments Inc.,(Nasdaq: TXN): Daily Chart, 30 January 2023.
TXN Stock Market Analysis: Looking for completion of wave 2 after a potential five-wave sequence in wave 1 of (3).
TXN Elliott WaveCount: Wave{b} of2.
TXN Technical Indicators: 20EMA as support.
TXN Trading Strategy: Looking for downside in wave {c} to then start looking for longs.
Analyst: Alessio Barretta
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_txn_1_30.webp)
Texas Instruments Inc., TXN: 4-hour Chart, 30 January 2023
Texas Instruments Inc., Elliott Wave Technical Analysis
TXN Stock Market Analysis: The move up in wave 1 can also be counted as a three-wave move which makes me doubt the count as a whole. However, the potential triangle seems clear for now.
TXN Elliott Wave count: Wave(e) of{b}.
TXN Technical Indicators: 20EMA as resistance.
TXN Trading Strategy: You could place shorts on the triangle looking to trade wave {c}.
![](https://talkmarkets.com/contributor/tradinglounge/user_content/ckimages/orig_txn_4h_638106678640055002.webp)
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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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