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Bank of America Corp., Elliot Wave Analysis
3/21/2023 10:01 AMA fall is possible.
On the daily chart, a downward correction develops as the second wave 2, within which the wave (А) of 2 formed, a correction ended as the wave (B) of 2, and the wave (C) of 2 forms. Now, the third wave 3 of (C) is developing, within which the wave iii of 3 has formed. If the assumption is correct, after the end of the local correction iv of 3, the price of the asset will fall to the area of 25.00–20.82. In this scenario, critical stop loss level is 31.90.
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