Avery Dennison Corp. Stocks Elliott Wave Technical Analysis – Friday, October 11

AVY Elliott Wave Analysis Trading Lounge Daily Chart,Avery Dennison Corp., (AVY) Daily ChartAVY Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3DIRECTION: Upside in wave 3.DETAILS: We are looking at the possibility of a bottom in Minor wave 2 in place at 200$ and another {i}-{ii} of 3 completed, ready to take off. Avery Dennison Corp., (AVY) 1H ChartAVY Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {ii}DIRECTION: Bottom in wave {ii}DETAILS: Looking for upside in wave {iii} as we have reached equality of (c) vs. (a) within {ii}, we now need support on top of 220$. This analysis of?Avery Dennison Corp., (AVY) focuses on both the?daily?and?1-hour?charts, using the?Elliott Wave Theory?to assess current market trends and forecast future price movements.* AVY Elliott Wave Technical Analysis – Daily Chart*On the?daily chart, Avery Dennison (AVY) appears to have found a?bottom in Minor wave 2?at?$200. The stock is now set to move higher, with an?initial {i}-{ii} of wave 3?completed. This setup indicates the stock is poised for a significant upside in?wave 3, suggesting a potential strong rally ahead as wave 3 is often the most powerful in an impulsive structure.* AVY Elliott Wave Technical Analysis – 1H Chart*On the?1-hour chart, AVY has likely completed?wave {ii}, as it reached?equality of (c) vs (a). The stock is expected to start a strong upward move in?wave {iii}. For the bullish scenario to play out,?support above $220?is crucial. Holding this level would confirm the upside continuation into wave {iii}.More By This Author:Elliott Wave Technical Analysis: Polkadot Crypto Price News For Friday, Oct 11
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