Brookfield Asset Management (BAM) is an alternative asset manager & REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure & venture capital & private equity assets. It manages a range of public & private investment products & services for institutional & retail clients. It based in Toronto, Canada, comes under Financial services sector & trades as “BAM” ticker at NYSE.
BAM made an ATH at $62.47 from intermediate low of $21.57 happened during sell-off in early 2020. While below there, it favors correction before next rally resumes.
BAM – Elliott Wave Latest Daily View:
During global sell-off in March-2020, it made an intermediate low of $21.57 on 3/23/2020. While above there, it placed ((1)) at $37.73 high on 6/08/2020 and ((2)) at $29.09 low on 10/30/2020. ((2)) was 0.5 Fibonacci retracement against ((1)). Above there, it favors higher in third wave extension & finished ((3)) at $62.20 high on 11/08/2021. ((4)) favored ended at $50.87 low on 1/24/2022 as slightly above 0.382 retracement of ((3)). Finally, it favored ended ((5)) at $62.47 as minor high to end I red as impulse sequence started from March-2020 low.
Below $62.47 high, it favors II correction lower. It placed ((A)) at $50.05 low, while above there it favors ((B)) in proposed zigzag structure & expect to extend between $56.79 – $59.88 area before turning lower in ((C)) (extension pending) of II. We like to buy the pullback in ((C)) leg at an extreme areas for the next leg higher or at least 3 swing bounce.
BAM – Alternate Elliott Wave View: 
Alternatively, it might ended I at $62.20 high & II at $50.05 low on 2/24/2022 as flat correction. While above there, it favors further upside as the part of III red, which will further confirm when breaks above $62.47 high. In that case, we like to buy the next pullback in 3, 7 or 11 swings for further upside.
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