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Amazon.com Inc., Elliot Wave Analysis
2/16/2023 10:05 AMThe price is in a correction and may grow.
On the daily chart, the upward wave of the higher level А formed, and a downward correction develops as the wave B, within which the wave (А) of B ended, and the development of the upward correction of the lower level as the wave (B) of B started. Now, the wave A of (B) is forming, within which the wave iii of A has formed, and the wave iv of A has ended. If the assumption is correct, the asset will grow to the area of 121.76–133.88. In this scenario, critical stop loss level is 91.22.
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