After completing a three-leg correction within the blue box and breaking out of the red channel, Dell Technologies (NYSE: DELL) resumes its next impulsive bullish phase.
Dell Technologies (NYSE: DELL) shows a strong Elliott Wave structure on the weekly chart, suggesting that a long-term uptrend is in progress. The larger count reveals that the stock completed a major wave III peak and then entered a wave IV correction before turning higher again.
From the wave II low, Dell formed a clean five-wave advance —labeled ((1)), ((2)), ((3)), ((4)), and ((5))—to finish wave III. After this top, the stock began a complex correction marked as wave IV, unfolding as a double three pattern ((W))-((X))-((Y)). This decline stayed within the red descending channel, showing textbook Elliott Wave behavior.
Wave IV Correction and Blue Box Reaction:
Inside wave IV, each segment developed three legs, creating symmetry between waves ((W)) and ((Y)). The final move down reached the blue box support zone between $71.42 and $45.61. This 100%–161.8% Fibonacci extension area often acts as a high-probability reversal region in Elliott Wave analysis.
As Dell touched this zone, the price respected the lower edge of the red channel and bounced strongly, confirming the end of wave IV. The reaction from the blue box produced a sharp and impulsive rally, forming a new five-wave sequence within wave V.
Current Outlook:
At present, Dell is nearing completion of wave ((1)) likley with one last push higher following a short-term pullback within wave ((2)). As long as the stock stays above the invalidation level at $66.34, the bullish outlook remains intact. Analysts at Elliott Wave Forecast maintain a “We Do Not Recommend Selling” stance, expecting further gains once the pullback ends.
In short, Dell’s clear three-leg correction, its respect for the red channel, and the powerful breakout from the blue box all signal that a new bullish cycle has started.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
