It would appear GOOG is finishing a corrective "B" wave and will soon turn upward for a "C" Wave toward a target of 364.
Note that there is a zone from 339 to 349 where we might see an early reversal down to a Wave 4. It appears to want to move toward its trend line though, which would require a slightly extended run. Be cautious in this zone.
GOOG Generally moves in a corrective pattern (ABC) upward and downward, which introduces volatility, but overall, I have about 70% confidence in this move once the current B wave finishes.
Note that there is a zone from 339 to 349 where we might see an early reversal down to a Wave 4. It appears to want to move toward its trend line though, which would require a slightly extended run. Be cautious in this zone.
GOOG Generally moves in a corrective pattern (ABC) upward and downward, which introduces volatility, but overall, I have about 70% confidence in this move once the current B wave finishes.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.