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Amazon.com Inc., Elliot Wave Analysis
8/4/2022 11:23 AMGrowth is possible.
On the daily chart, the third wave of the higher level (3) formed, and a downward correction ended as the fourth wave (4). Now, the fifth wave (5) is developing, within which the first entry wave of the lower level 1 of (5) is forming. If the assumption is correct, the asset will grow to the levels of 171.15–188.15. In this scenario, critical stop loss level is 117.96.
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