Googl Swing Tomorrow 7/1/2024
Google (GOOGL) on a 15-minute timeframe, let's analyze the technical indicators and patterns to forecast potential price movements and swing trading opportunities for tomorrow.
Key Observations:
Volume Profile:
VAH (Value Area High): Around 186.61
POC (Point of Control): Around 182.59
VAL (Value Area Low): Around 181.96
Support and Resistance Levels:
Support Levels: 181.96 (VAL) and 182.59 (POC)
Resistance Levels: 182.81, 186.61 (VAH), and 186.62 (previous high)
Trendlines:
A descending trendline indicates a short-term bearish trend.
MACD Indicator:
The MACD is below the signal line, indicating a bearish momentum. However, there might be a potential crossover, suggesting a possible reversal or a bullish divergence.
Analysis and Trading Strategy:
Bearish Scenario:
If the price continues to trade below the POC (182.59) and fails to break above the descending trendline, we might see further downside movement.
Entry: Consider shorting if the price falls below 181.96 (VAL).
Target: The next support level around 180.00, or based on a significant bearish momentum.
Stop-Loss: Place a stop-loss above the POC (182.59) or the descending trendline to protect against a sudden reversal.
Bullish Scenario:
If the price breaks above the descending trendline and sustains above the POC (182.59), it may indicate a potential reversal.
Entry: Consider buying if the price moves above 182.59 and confirms the breakout with volume.
Target: The first target would be around 186.61 (VAH) and then 186.62 (previous high).
Stop-Loss: Place a stop-loss below the POC (182.59) or the descending trendline to manage risk in case of a false breakout.
Range-Bound Scenario:
If the price remains between the support (181.96) and resistance (186.61) levels without a clear breakout, it might continue to trade in a range.
Entry: Consider buying near the support (181.96) and selling near the resistance (186.61).
Target: The opposite boundary of the range (186.61 for buying and 181.96 for selling).
Stop-Loss: Place a tight stop-loss just below the support or above the resistance to protect against a breakout.
Summary:
Key Levels to Watch: 181.96 (Support), 182.59 (POC), 186.61 (Resistance)
Trading Plan:
Short below 181.96 with targets around 180.00.
Long above 182.59 with targets around 186.61 and 186.62.
Range-bound trading between 181.96 and 186.61.
Ensure to monitor the price action closely, especially around the key levels, and adjust your strategy based on real-time market conditions.
Key Observations:
Volume Profile:
VAH (Value Area High): Around 186.61
POC (Point of Control): Around 182.59
VAL (Value Area Low): Around 181.96
Support and Resistance Levels:
Support Levels: 181.96 (VAL) and 182.59 (POC)
Resistance Levels: 182.81, 186.61 (VAH), and 186.62 (previous high)
Trendlines:
A descending trendline indicates a short-term bearish trend.
MACD Indicator:
The MACD is below the signal line, indicating a bearish momentum. However, there might be a potential crossover, suggesting a possible reversal or a bullish divergence.
Analysis and Trading Strategy:
Bearish Scenario:
If the price continues to trade below the POC (182.59) and fails to break above the descending trendline, we might see further downside movement.
Entry: Consider shorting if the price falls below 181.96 (VAL).
Target: The next support level around 180.00, or based on a significant bearish momentum.
Stop-Loss: Place a stop-loss above the POC (182.59) or the descending trendline to protect against a sudden reversal.
Bullish Scenario:
If the price breaks above the descending trendline and sustains above the POC (182.59), it may indicate a potential reversal.
Entry: Consider buying if the price moves above 182.59 and confirms the breakout with volume.
Target: The first target would be around 186.61 (VAH) and then 186.62 (previous high).
Stop-Loss: Place a stop-loss below the POC (182.59) or the descending trendline to manage risk in case of a false breakout.
Range-Bound Scenario:
If the price remains between the support (181.96) and resistance (186.61) levels without a clear breakout, it might continue to trade in a range.
Entry: Consider buying near the support (181.96) and selling near the resistance (186.61).
Target: The opposite boundary of the range (186.61 for buying and 181.96 for selling).
Stop-Loss: Place a tight stop-loss just below the support or above the resistance to protect against a breakout.
Summary:
Key Levels to Watch: 181.96 (Support), 182.59 (POC), 186.61 (Resistance)
Trading Plan:
Short below 181.96 with targets around 180.00.
Long above 182.59 with targets around 186.61 and 186.62.
Range-bound trading between 181.96 and 186.61.
Ensure to monitor the price action closely, especially around the key levels, and adjust your strategy based on real-time market conditions.
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.
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.