DELL Elliott Wave Analysis – Trading Lounge Daily Chart

Dell Technologies Inc. (DELL) – Daily Chart Analysis

DELL Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave C of (4)

Direction: Bearish move in wave C

Details:

• A five-wave sequence is forming within wave C, currently progressing through Minute wave {iii}.
• If DELL remains below the critical resistance at $100, further downside pressure is anticipated.

DELL Elliott Wave Analysis – Trading Lounge 1-Hour Chart

Dell Technologies Inc. (DELL) – 1H Chart

DELL Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (iv) of {c}

Direction: Bearish continuation in wave (v)

Details:

• The internal structure of Minute wave {iii} indicates a temporary retracement in wave (iv).
• Wave (v) is expected to resume the downward trend, targeting TradingLevel8 near $80.

Technical Analyst: Malik Awais

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Summary of DELL Analysis

DELL Daily Chart:

• Dell Technologies (DELL) is currently in a corrective wave C of (4).
• The bearish five-wave formation is developing, with Minute wave {iii} in progress.
• If the price remains below $100, the downside move is likely to persist, completing the corrective wave C.

DELL 1-Hour Chart:

• The stock is undergoing a wave (iv) retracement within the ongoing Minute wave {iii}.
• Once this short-term correction concludes, wave (v) is expected to extend lower toward $80.
• The completion of this five-wave sequence will likely signal the end of the correction phase.