IMO GOOG started dropping and formed a bearish flag. Flag was broken downwards, but instead it started moving upwards. If bear flag pattern have truly applied, then it should have started dropping at this point towards 84 to 83 level. But it didn't. So IMO flag was already broken and it transition to Megaphone pattern. And this would make sense with strong down drop. Hence I am thinking there would be strong bullish move upwards. And later after small drop on wave 5, stock will break Megaphone and move upwards. Any thoughts? Or time will tell.
Note
This not a financial advise. Just posting my thoughts.
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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.