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AT&T Inc. Elliot Wave Analysis

3/24/2023 10:03 AM

Growth is possible.

On the daily chart, the downward wave of the higher level B ended, within which the wave (C) of B formed, and the development of the upward wave C started. Now, the entry first wave of the lower level i of 1 is forming, within which the wave (i) of i has developed, and a local correction has ended as the wave (ii) of i. If the assumption is correct, the asset will grow to the area of 23.56–26.50. In this scenario, critical stop loss level is 16.45.




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