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Amazon.com Inc., Elliot Wave Analysis

2/2/2023 10:06 AM

The price is in a correction and may grow.

On the daily chart, the upward wave of the higher level А ended, and a downward correction develops as the wave B, within which the wave (А) of B ended, and the 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 wave iii of A is developing. 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 91.22.




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