Solid News Inc., Elliot Wave Analysis

10/27/2022 10:31 AM

Growth 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 formation of the fifth wave (5) started. Now, the first entry wave of the lower level 1 of (5) is developing, within which the wave iii of 1 has formed, a local correction has ended as the wave iv of 1, and the development of the wave v of 1 has started. If the assumption is correct, the asset will grow to the area of 147.50–158.70. In this scenario, critical stop loss level is 105.25.

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