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Alphabet Inc., Elliot Wave Analysis

8/16/2022 12:11 PM

The price may grow.

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the fifth wave (5) started. Now, the first wave of the lower level 1 of (5) is developing, within which the wave i of 1 has formed, a local correction has developed as the wave ii of 1, and the wave iii of 1 is developing. If the assumption is correct, the asset will grow to the area of 130.69–143.90. In this scenario, critical stop loss level is 111.30.

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