Exxon Mobil Inc., Elliott Wave Technical Analysis
Exxon Mobil Inc., (XOM:NYSE): 4h Chart 9 January 24
XOM Stock Market Analysis: As we are trading around a Major level-100$- we need to be mindful, there is a possibility we have five waves off the bottom in a leading diagonal and we could now be correcting in wave {ii}.
XOM Elliott Wave Count: Wave {ii} of 1.
XOM Technical Indicators: Below all averages.
XOM Trading Strategy: Looking for longs after a Trading Level Pattern on 100$ and a break of (b).
TradingLounge Analyst: Alessio Barretta
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Exxon Mobil Inc., XOM: 1-hour Chart 9 January 24
Exxon Mobil Inc., Elliott Wave Technical Analysis
XOM Stock Market Analysis: Looking for a potential bottom in place in wave (c) knowing we could still continue lower as we seem to be missing a fifth wave. Looking for a break of (b) before considering longs.
XOM Elliott Wave count: Wave (i) of {i}.
XOM Technical Indicators: Below all averages.
XOM Trading Strategy: Looking for longs after a Trading Level Pattern on 100$ and a break of (b).
