Solid News

Alphabet Inc., Elliot Wave Analysis

1/31/2023 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), shaped as the double zigzag WXY, and the formation of the fifth wave (5) started. Now, the entry first wave of the lower level 1 of (5) is forming, within which the wave i of 1 has ended, a local correction has formed as the wave ii of 1, and the wave iii of 1 is developing. If the assumption is correct, the asset will grow to the area of 122.30–143.90. In this scenario, critical stop loss level is 84.85.

Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2023