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Microsoft Corp., Elliot Wave Analysis

2/6/2023 10:08 AM

Growth is possible.

On the daily chart, the third wave of the higher level 3 ended, a downward correction formed as the fourth wave 4, and the fifth wave 5 started. Now, the first wave of the lower level (1) of 5 is developing, within which the wave 3 of (1) of 5 is developing. If the assumption is correct, the asset will grow to the area of 293.53–361.00. In this scenario, critical stop loss level is 219.35.

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