Texas Instruments Inc., Elliott Wave Technical Analysis

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Texas Instruments Inc., (TXN): Daily Chart, April 27

TXN Stock Market Analysis: After we got stopped out at breakeven in our trade, I reviewed the whole count and I am allowing for much more downside. Looking for the move in wave (A) to complete within the end of the month to then look for a pullback in wave (B).

TXN Elliott Wave Count: Wave (A) of Y.  

TXN Technical Indicators: Below all averages, RSI bearish divergence.

TXN Trading Strategy: Looking for short before wave (A) end to then look for additional shorts at the end of wave (B).

TradingLounge Analyst: Alessio Barretta

Texas Instruments Inc., TXN: 4-hour Chart, April 27.

Texas Instruments Inc., Elliott Wave Technical Analysis

TXN Stock Market Analysis: Looking for more downside as labelled, we could start to form a series of threes and fours which should be shorting opportunities.

TXN Elliott Wave count: Wave 3 of (A).  

TXN Technical Indicators: Below all averages.

TXN Trading Strategy: Looking for additional downside.

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