The price is in correction, the probability of decline remains.

On the daily chart, the development of the ascending first senior-degree wave 1 of C has been completed, and a corrective phase is currently unfolding as wave 2 of C. On the four-hour chart, wave c of 2 is developing, while the junior-degree third wave (iii) of c is currently forming. If this scenario proves correct, the downward trend is expected to continue toward the 21.65–19.70 area, with the critical stop loss level for this scenario at 26.70.

Shares of telecommunications conglomerate AT&T Inc. are trading around 25.00.