The post Chevron Inc. (CVX) stocks Elliott Wave technical analysis appeared on BitcoinEthereumNews.com.

CVX Elliott Wave Analysis Trading Lounge Chevron Inc., (CVX) Daily Chart CVX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute {iii}. DIRECTION: Upside within {iii}. DETAILS: Looking for upside into wave {iii} as we seem to be missing another wave (iii) and (iv) within {iii}, suggesting we could get towards 200$. Chevron Inc., (CVX) 1H Chart CVX Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iii) of {iii}. DIRECTION: Upside in wave v of (iii). DETAILS: Looking for upside into wave (iii) as we seem to be missing another leg higher into wave v. As iii was shorter than i, v must be shorter than iii so we should expect equality at 168$ as maximum target. This analysis focuses on the current trend structure of Chevron Inc., (CVX) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock’s position and potential future movements. *CVX Elliott Wave Technical Analysis – Daily Chart Chevron (CVX) is progressing within minute wave {iii} of the larger impulsive structure, with additional upside expected. There appears to be missing subdivisions for waves (iii) and (iv) within {iii}, suggesting a further extension in this move. The target for this wave structure lies near $200, marking the expected completion of wave {iii}.  CVX Elliott Wave Technical Analysis – 1H Chart On the 1-hour chart, Chevron is advancing within wave v of (iii). With wave iii shorter than wave i, wave v is expected to be constrained to be shorter than wave iii, limiting its maximum target to $168 based on equality with previous wave structures. This suggests a measured but steady move higher in the near term as wave {iii} approaches completion.   Source: https://www.fxstreet.com/news/chevron-inc-cvx-stocks-elliott-wave-technical-analysis-202411280403

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Filed under: News - @ November 28, 2024 4:24 am