Did you know this market geometry/symmetry:
When a (strong) trendline is broken, the market will fall equal distance or more from the trendline as from the peak to the breakpoint.
If google breaks (or has it?) it could fall another 20% and meet the long term trendline, if doesnt then the recent breakpoint would
become resistance
When a (strong) trendline is broken, the market will fall equal distance or more from the trendline as from the peak to the breakpoint.
If google breaks (or has it?) it could fall another 20% and meet the long term trendline, if doesnt then the recent breakpoint would
become resistance
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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.
Related publications
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.