Weekly Bearish Butterfly Pattern.
Google has formed a weekly butterfly pattern that is now getting to the extremes of where the pattern usually trades. If price continues to rally further, this pattern will have failed. At the current price it gives us our best selling opportunity on Google.
Selling 1535. I'll keep stops above the high and wider stops a bit above 1600. First target is around 900. I think there will be a short term bounce there, I'll look for follow up sells into the bounce.
Selling 1535. I'll keep stops above the high and wider stops a bit above 1600. First target is around 900. I think there will be a short term bounce there, I'll look for follow up sells into the bounce.
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