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Apple Inc., Elliot Wave Analysis

2/20/2023 10:16 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 formation of the fifth wave 5 started. Now, the entry first wave of the lower level 1 of (1) of 5 has formed, and a local correction is developing as the second wave 2 of (1) of 5. If the assumption is correct, the asset will grow to the area of 176.32–183.14. In this scenario, critical stop loss level is 140.78.

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