$GOOG - Significant Top Reached ... Our Bearish Scenario
GOOG - Significant Top Reached - 4xQuad identified two narrow ranges imposing a significant resistance to #GOOG, namely:TG-1 = 1030.29 and TG-2 = 1055.52
Other important targets are for the following scenarios:
Scenario #1 - Bearish: TG-Bear = 738.59
- Expect this scenario to occurs if the current levels do impose the expected resistance and cause price to unwind before any further realistic lofty pushes.
Scenario #2 - Bullish: TG-Bull = 1366.23
- In this scenario, our system has identified this loftier target as the next significant overhead resistance.
OVERALL - Overall, we expect "Scenario #1" to be most probable at this point.
4xQuad, LLC
Denver, Colorado
USA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.