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Apple Inc., Elliot Wave Analysis

3/20/2023 10:11 AM

Growth is possible.

On the daily chart, the third wave of the higher level 3 ended, a downward correction formed as the fourth wave 4, and the formation of the fifth wave 5 started. Now, the entry first wave of the lower level 1 of (1) of 5 has formed, a local correction has developed as the second wave 2 of (1) of 5, and the third wave 3 of (1) of 5 is forming, within which the wave iii of 3 is developing. If the assumption is correct, the asset will grow to the area of 176.32–183.14. In this scenario, critical stop loss level is 143.65.




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