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Alphabet Inc., Elliot Wave Analysis
8/30/2022 11:46 AMGrowth is possible.
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 iii of 1 has formed, and a local correction is ending as the wave iv of 1. 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 103.45.
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