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Apple Inc., Elliot Wave Analysis

10/31/2022 10:33 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 development of the fifth wave 5 started. Now, the first entry wave of the lower level (1) of 5, a local correction ended as the wave (2) of 5, and the development of the third wave (3) of 5 has started, within which the wave 1 of (3) is forming. If the assumption is correct, the price will grow to the area of 176.32–183.14. In this scenario, critical stop loss level is 134.30

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