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Alphabet Inc., Elliot Wave Analysis

2/28/2023 10:10 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 development of the fifth wave (5) started. Now, the entry first wave of the lower level 1 of (5) is developing, within which the third wave iii of 1 has formed, and the wave iv of 1 has ended. If the assumption is correct, the asset will grow to the area of 120.00–143.90. In this scenario, critical stop loss level is 84.85.

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