AIG recently broke sharply through the support area lying between the round support level 50.00 and the 50% Fibonacci retracement of the previous weekly upward impulse from March.
The breakout of this support area accelerated the active impulse wave 1, which belongs to the medium-term impulse sequence (C).
AIG is likely to fall down further toward the next support level 47.00 (target price for the completion of the active impulse wave 1).
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