Spotify Inc.(SPOT:NYSE) Elliott Wave Technical Analysis 10 August 23
Spotify Inc., Elliott Wave Technical Analysis
Spotify Inc., (SPOT:NYSE): Daily Chart, 10 August 23
SPOT Stock Market Analysis: We’ve seen a large advanced to the upside into what seems to be either a wave. 1 or A. At this point we can look for a pullback into 2 or B.
SPOT Elliott Wave Count: Wave {c} of 2.
SPOT Technical Indicators: 200EMA as support.s
SPOT Trading Strategy: Looking for longs once we have a clear picture on the type of correction of potential wave 2 or B.
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!
Spotify Inc., SPOT: 4-hour Chart, 10 August 23
Spotify Inc., Elliott Wave Technical Analysis SPOT Stock Market Analysis: We could either be in wave (c) of {a} or else in wve {c} of 2 as labelled. I would not be surprised to find a double correction lower. The area of support on the left is around the area of wave {iv}.
SPOT Elliott Wave count: Wave {c} of 2.
SPOT Technical Indicators: Below all averages.
SPOT Trading Strategy: Looking for longs once we have a clear picture on the type of correction of potential wave 2 or B.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great ariticle, would you like to share it?