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AT&T Inc., Elliot Wave Analysis
8/26/2022 11:28 AMA fall is possible.
On the daily chart, the third downward wave of the higher level 3 of (C) develops, within which the wave v of 3 forms. Now, the fifth wave of the lower level (v) of v is developing, within which the wave iii of (v) has formed. If the assumption is correct, after the end of the local correction iv of (v), the price of the asset will fall to the area of 16.00–14.00. In this scenario, critical stop loss level is 19.97.
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