The Procter & Gamble Co.(PG:NYSE) Elliott Wave Technical Analysis 1 December 23

TradingLounge
2023-12-01

The Procter & Gamble Co., Elliott Wave Technical Analysis

The Procter & Gamble Co., (PG:NYSE): 4h Chart 1 December 23

PG Stock Market Analysis: We are looking at the possibility of a bullish scenario, which is very similar to what is happening with the DJI. Looking for a potential correction in wave (2) to be in place to now resume higher.  

PG Elliott Wave Count: Wave {i} of 1.  

PG Technical Indicators: Above all averages.  

PG Trading Strategy: Looking for longs into wave {iii} with 153$ as tested support.  

TradingLounge Analyst: Alessio Barretta

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The Procter & Gamble Co., PG: 1-hour Chart 1 December 23

The Procter & Gamble Co., Elliott Wave Technical Analysis PG Stock Market Analysis: Looking for a potential diagonal in wave {i} and a three wave move in wave {ii}. We are now looking for a potential wave (iii) of {iii} to be in place which should start an acceleration higher.  

PG Elliott Wave count:  Wave (iii) of {iii}.

PG Technical Indicators: Above all averages.

PG Trading Strategy: Looking for longs into wave {iii} with 153$ as tested support.

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Comments

  • Thatway
    2023-12-03
    Thatway

    It feels like there will be a big correction on the NYSE at any time

  • ZonaMatthew
    2023-12-03
    ZonaMatthew

    I feel like it still has a lot of upside potential.

  • CornerSteve
    2023-12-03
    CornerSteve

    A pullback is an opportunity to buy it, trust me

  • neversell
    2023-12-03
    neversell

    Do you think the NYSE can break through 160?

  • coolguy001
    2023-12-03
    coolguy001

    It seems like it's been in a state of shock lately.

  • LEESIMON
    2023-12-15
    LEESIMON
    🩷Will improve
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