Exxon Mobil Corp ($XOM) Found Buyers from Extreme Area.

Elliott wave Forecast

Login
Start 14-Day Trial
You are here: Home / Video Blog / Exxon Mobil Corp ($XOM) Found Buyers from Extreme Area.

Exxon Mobil Corp ($XOM) Found Buyers from Extreme Area.

By

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Exxon Mobil Corp ($XOM). The rally from 12.12.2023 low at $97.47 unfolded as 5 waves impulse. So, we expected the pullback, once that cycle ended, to unfold in 3 swings and find buyers again. We will explain the structure & forecast below:

$XOM 1H Elliott Wave Chart 12.29.2023:

$XOMHere is the 1H Elliott Wave count from 12.12.2023. We expected the pullback to find buyers at Blue (B) in a 3 swing structure (ABC) at 100.22 – 98.49.

$XOM 1H Elliott Wave Chart 1.03.2024:

$XOMHere is the 1H update from 1.03.2024 showing the bounce taking place as expected. The stock reacted higher after reaching the extreme area allowing longs to get into a risk free position.

$XOM Elliott Wave Video Analysis

Elliott Wave Forecast

We cover 78 instruments, but not every chart is a trading recommendation. We present Official Trading Recommendations in the Live Trading Room. If not a member yet,  Sign Up for Free 14 days Trial now and get access to new trading opportunities.

Welcome to Elliott Wave Forecast!

Back

Subscribe Now to Get 20% Off (Every Month) on All Monthly Plans

USE PROMO CODE: 19DC5CBD6B
Offer valid for limited time only.

Access live technical forecast of Stocks, ETFs, Indices, Forex, Commodities, Crypto and more.
BECOME A MEMBER TODAY
Hourly Counts - Live Analysis Session - Live Trading Rooms
close-link