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AT&T Inc., Elliot Wave Analysis

12/2/2022 10:06 AM

Growth is possible.

On the daily chart, the downward wave of the higher level B ended, within which the wave (C) of B formed, and the development of the upward wave C started. Now, the entry wave of the lower level (i) of i is developing, within which the wave i of (i) has formed, the correctional wave ii of (i) has ended, and the development of the wave iii of (i) is starting. If the assumption is correct, the asset will grow to the area of 21.36–23.56. In this scenario, critical stop loss level is 18.00.

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