GOOGLE - Excellent SHORT set-up detected. Bears in formation!
Updated
Hello, i detected an important formation in the stock price of GOOGLE. Looking on the daily timeframe it is trading now in an head and shoulders formation with the right shoulder about to complete. We have huge resistance above us at 1140 - 1150, you can see it in the chart. There will be a pull-back in this level.
Possible short opporunity, a short position can be placed at the 1140 - 1150 level with STOP above 1160.1 - 1190. Target zone is the level 730 - 756 with a decent profit, this is a swing trade over several weeks.
You see my target in the chart with procentual price projection from the head of the head and shoulder formation. This is only educational content.
Have fun!
Possible short opporunity, a short position can be placed at the 1140 - 1150 level with STOP above 1160.1 - 1190. Target zone is the level 730 - 756 with a decent profit, this is a swing trade over several weeks.
You see my target in the chart with procentual price projection from the head of the head and shoulder formation. This is only educational content.
Have fun!
Note
Touched resistanceTrade active
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