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The Procter & Gamble Co., Elliott Wave Technical Analysis

The Procter & Gamble Co., (NYSE: PG): 4h Chart 1 December 2023

PG Stock Market Analysis: We are looking at the possibility of a bullish scenario, which is very similar to what is happening with the DJI. Looking for a potential correction in wave (2) to be in place to now resume higher.  

PG Elliott Wave Count: Wave {i} of 1.  

PG Technical Indicators: Above all averages.  

PG Trading Strategy: Looking for longs into wave {iii} with $153 as tested support.  

Analyst: Alessio Barretta

The Procter & Gamble Co., PG: 1-hour Chart 1 December 2023

The Procter & Gamble Co., Elliott Wave Technical Analysis PG Stock Market Analysis: Looking for a potential diagonal in wave {i} and a three wave move in wave {ii}. We are now looking for a potential wave (iii) of {iii} to be in place which should start an acceleration higher.  

PG Elliott Wave count:  Wave (iii) of {iii}.

PG Technical Indicators: Above all averages.

PG Trading Strategy: Looking for longs into wave {iii} with $153 as tested support.

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