AlphaBet GOOG Nature of the Beast This has been a disappointment since rallying from the 987 line. It's a similar pattern to the one shown at the green arrow at close to the same point in time as last year - a double top followed by a decline to the top of the last earnings gap, then followed by a 50% retracement of the previous rally and multiple tests of the 904 line before it finally rallies 32% to the 1186 high. This time around the pattern is similar, with another 50% retracement (of the previous rally from the 987 line to the ATH) - but the lows at the 987 line have filled the last earnings gap (to left of chart) where the last fractal held up at 904, the top of the preceding earnings gap. It can spend some time making multiple tests of the 987 line where it's a buy again with stops under 980. The S&P continues to move in its shadow. But all is ultimately good whilst 987 holds. Same for S&P and world markets too.
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