DELL Elliott Wave technical analysis [Video]
![DELL Elliott Wave technical analysis [Video]](https://editorial.fxsstatic.com/images/i/car-industry-01_XtraLarge.jpg)
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]
Author
Peter Mathers
TradingLounge
Peter Mathers started actively trading in 1982. He began his career at Hoei and Shoin, a Japanese futures trading company.
