New bullish movement can be signaled.
Updated
The 134.07 break suggests further bullish movement from the secondary trend.
Proportional resistances can appear around 142 and 144.
Attention, if the breakout of 128.04 happens before, this idea is no longer valid.
Proportional resistances can appear around 142 and 144.
Attention, if the breakout of 128.04 happens before, this idea is no longer valid.
Note
Any candle that does not break the high of the last candle and breaks its low suggests the break of a smaller uptrend and therefore the end of this bullish leg on which the idea was based.This scenario does not nullify the continuation of the secondary uptrend, especially because this last leg of the trend did not demonstrate any weakness in its proportion.
If this does not happen, the minor uptrend remains in effect and the secondary trend leg will continue to increase in proportion up to 142.
Trade closed manually
According to the latest update, at this moment, GOOG is in a corrective leg of the secondary trend, so the idea is no longer active. I want to make it clear that, in my opinion, we are still in an uptrend; we have just entered a corrective phase. Of course, prices dictate, and they know what they want to do; we simply react.
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.