TXN Elliott Wave Analysis Trading Lounge Daily Chart,Texas Instruments Inc., (TXN) Daily ChartTXN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 5 of (1).DIRECTION: Upside in wave 5.DETAILS: Looking for upside into Minor wave 4 as we seem to have taken off the lows of wave 4, after a clear three wave move. Considering wave 3 was longer than 1, we could expect wave 5 to reach the top of MG1 at 230$ or else even Medium Level at 250$.  TXN Elliott Wave Analysis Trading Lounge 1H Chart,Texas Instruments Inc., (TXN) 1H ChartTXN Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iii} of 5.DIRECTION: Upside in wave {iii}.DETAILS: Labelling we are in wave {iii} suggests a conservative approach to Minor wave 5. Nevertheless it looks like are extending higher and pullbacks to the downside look corrective in nature. Welcome to our latest Elliott Wave analysis for Texas Instruments Inc. (TXN). This report delves into TXN’s price action through the lens of Elliott Wave Theory, aiming to assist traders in identifying potential trading opportunities based on current market trends and wave structures. We will cover both the daily and 1-hour charts to provide a well-rounded perspective on TXN’s market behavior.* TXN Elliott Wave Technical Analysis – Daily Chart*TXN appears to be advancing in the final wave 5 of the current cycle, following a three-wave corrective structure in wave 4. Given that wave 3 exceeded the length of wave 1, there is potential for wave 5 to extend towards significant resistance levels. The primary targets are the top of Minor Group 1 (MG1) at $230 and potentially further to the Medium Level at $250, depending on the strength of the upward momentum.* TXN Elliott Wave Technical Analysis – 1H Chart*The labeling of wave {iii} suggests a methodical progression within Minor wave 5, as the stock continues to show signs of upward extension. The nature of the recent pullbacks, which appear corrective, supports the likelihood of continued bullish momentum. This wave structure implies further upside potential as TXN aims to complete wave {iii}, before eventually correcting in wave {iv} and resuming higher in wave {v}.Technical Analyst: Alessio BarrettaSource: Tradinglounge.comMore By This Author:Euro/U.S. Dollar (EUR/USD) Forex Elliott Wave Technical Analysis
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