Solid News Inc., Elliot Wave Analysis

3/16/2023 10:04 AM

Growth is possible.

On the daily chart, a downward correction of the higher level develops as the wave B, within which the wave (А) of B ended, and an upward correction of the lower level started to develop as the wave (B) of B. Now, the wave A of (B) is forming, within which the first wave i of A has formed, and a local correction has ended as the second wave ii of A. If the assumption is correct, the asset will grow to the area of 122.00–135.00. In this scenario, critical stop loss level is 81.10.

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