DELL Elliott Wave technical analysis [Video]

DELL Elliott Wave technical analysis

Function: Trend.

Mode: Motive.

Structure: Impulsive.

Position: Wave {v} of 1.

Direction: Upside into Wave {v}.

Details: Wave {v} is unfolding, aiming toward the Minor Group1 top around $130.

DELL Elliott Wave technical analysis

Function: Trend.

Mode: Motive.

Structure: Impulsive.

Position: Wave (iii) of {v}.

Direction: Upside in Wave {v}.

Details: Wave (ii) of {v} might be complete, suggesting continued upside toward $130, with 61.8% extension of Wave {v} versus {i} as a minimum target.

This Elliott Wave analysis highlights the ongoing bullish structure in Dell Technologies Inc. (DELL), examining both the daily and 1-hour charts to assess short-term and medium-term market direction.

Daily Chart Overview – Primary Wave 1 Progression
DELL is currently advancing through Primary Wave 1, now in its final leg, Wave {v}. Price movement is targeting $130, aligning with the Minor Group1 top. The motive wave formation remains intact, supporting a bullish outlook as the structure completes.

1-Hour Chart Insight – Wave (iii) Formation Underway
Short-term analysis shows that Wave (ii) of {v} is likely completed. DELL appears to be transitioning into Wave (iii), which often features strong bullish acceleration. The 61.8% Fibonacci projection for Wave {v} against {i} targets the $130 mark, reinforcing the daily chart resistance level.

DELL Elliott Wave technical analysis [Video]