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Altria Group Inc., Ellio Wave Analysis
3/3/2023 10:05 AMA fall is possible.
On the daily chart, the first wave of the higher level (1) ended, and a downward correction develops as the second wave (2), within which the wave А of (2) formed. Now, the upward wave B of (2) has ended, within which the wave c of B has formed, and the development of the wave C of (2) is starting. If the assumption is correct, the price of the asset will fall to the area of 37.22–34.50. In this scenario, critical stop loss level is 48.15.
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