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Texas Instruments Inc., Elliott Wave Technical Analysis

Texas Instruments Inc., (NYSE: TXN): 4h Chart 20 December 2023

TXN Stock Market Analysis: We have been looking for a continuation higher and we kept correcting sideways, signifying the trend is still to the upside. Looking for a continuation higher into a complete five wave sequence.  

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

TXN Technical Indicators: Above all averages.

TXN Trading Strategy: Looking for longs into wave {iii}.

Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 1-hour Chart 20 December 2023

Texas Instruments Inc., Elliott Wave Technical Analysis TXN Stock Market Analysis: Looking for a pullback in wave iv, as I see a potential five wave move off the wave iii top we could be in wave B of iv, therefore expecting further downside.  

TXN Elliott Wave count:  Wave B of iv.  

TXN Technical Indicators: Above all averages.

TXN Trading Strategy: Looking for longs into wave v towards 1.618 {iii} vs. {i}.

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