Elliott Wave Technical Analysis: Spotify, Thursday, March 16

Spotify Inc., Elliott Wave Technical Analysis

Pixabay

Spotify Inc., (SPOT): Daily Chart, Thursday, March 16.

SPOT Stock Market Analysis: Moving as expected, looking for further upside into wave {v}. We could be due another leg lower into wave (c) to then resume higher.  

SPOT Elliott Wave Count: Wave (b) of {iv}.

SPOT Technical Indicators: Above all averages.

SPOT Trading Strategy: Waiting for a potential leg lower to then look for longs.

TradingLounge Analyst: Alessio Barretta

Spotify Inc., SPOT: 4-hour Chart, Thursday, March 16.

Spotify Inc., Elliott Wave Technical Analysis

SPOT Stock Market Analysis: Here an alternate to the other bullish count. A potential triangle in wave {iv} to immediately resume higher.  

SPOT Elliott Wave count: Wave (e) of {iv}.

SPOT Technical Indicators: 20EMA as support.  

SPOT Trading Strategy: Looking for a bottom in place, ready for upside.


More By This Author:

Elliott Wave Technical Analysis: Theta Coin
U.S. Indices: Elliott Wave Trading Strategies
Elliott Wave Technical Analysis: Phreesia Inc. - Wednesday, March 15

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments