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Apple Inc., Elliot Wave Analysis

1/23/2023 10:05 AM

The price is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level 3 formed, and a downward correction develops as the fourth wave 4, within which the wave (C) of 4 forms. Now, the third wave of the lower level 3 of (C) has formed, and a local correction is developing as the fourth wave 4 of (C). If the assumption is correct, the price of the asset will fall to the area of 110.00–92.05. In this scenario, critical stop loss level is 153.74.




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