IBM: Bullish Attempts

IBM has made progress in our scenario: Currently, the price is rising above the crucial resistance at $265.72; clearly surpassing this mark is important in the ongoing wave (3) in magenta. While we cannot entirely remove our alternative scenario with a new low for wave alt.[4] in green, it still holds a 33% probability. We primarily expect that the regular wave [4] in green was already completed at $211.52 and are therefore preparing for a direct continuation of the increases in the broader wave [5] in green.

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