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Apple Inc., Elliot Wave Analysis

12/12/2022 10:18 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 fifth wave 5 develops. Now, the first entry wave of the lower level (1) of 5 has formed, a local correction has ended as the wave (2) of 5, and the third wave (3) of 5 has started to develop, within which the correctional wave 2 of (3) has ended. If the assumption is correct, the asset will grow within the wave 3 of (3) to the area of 176.32–183.14. In this scenario, critical stop loss level is 134.30.


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