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Apple Inc., Elliot Wave Analysis
9/5/2022 11:57 AMThe price is in a correction and 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 entry wave of the lower level (1) of 5 has formed, and the local correction is ending as the wave (2) of 5. If the assumption is correct, after the end of the correction, the asset will grow to the area of 183.14–200.00. In this scenario, critical stop loss level is 150.09.
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