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Alphabet Inc., Elliot Wave Analysis

2/14/2023 10:01 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 a double zigzag WXY, and the development of the fifth wave (5) started. Now, the first entry wave of the lower level 1 of (5) is developing, within which the third wave iii of 1 is forming. If the assumption is correct, the asset will grow to the area of 122.30–143.90. In this scenario, critical stop loss level is 84.85.




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