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Amazon.com Inc., Elliot Wave Analysis

1/19/2023 10:03 AM

The price is in a correction and may grow.

On the daily chart, the upward the wave of the higher level А formed, and a downward correction develops as the wave B, within which the wave (А) of B ended. Now, the development of the upward correction of the lower level has started as the wave (B) of B, within which the wave A of (B) is forming. If the assumption is correct, the asset will grow to the area of 121.76–133.88. In this scenario, critical stop loss level is 80.73.


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