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IBM Corp., Elliot Wave Analysis

10/19/2022 10:34 AM

Growth is possible.

On the weekly chart, the fifth wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the wave of the lower level 3 of (1) has formed, and a local correction has ended as the wave 4 of (1). 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 105.50.

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