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IBM Corp., Elliot Wave Analysis
8/10/2022 12:28 PMGrowth is possible.
On the daily chart, the first wave of the higher level (1) develops, within which the fifth wave 5 of (1) forms. Now, the third wave of the lower level iii of 5 is developing, within which the wave (i) of iii has developed, a local correction has formed as the wave (ii) of iii, and the wave (iii) of iii is starting. If the assumption is correct, the asset will grow to the area of 153.45–160.00. In this scenario, critical stop loss level is 124.40.
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