Pretty clean chart on GOOGL. Short entry at the $1290 gap fill. Typically these rising triangles see 3 tests of support before the breakout. Support around $1110. Stop/loss being a close above $1300.
If and when the breakout occurs, a nice 20% jolt to the upside looks likely.
If and when the breakout occurs, a nice 20% jolt to the upside looks likely.
Note
Closing in on a direction. Market gapping up, GOOGL ready for the break. Question is, will this gap up be sustainable? The last 3 days it hasn't been.
Note
1297 was broken, and is/was retested yesterday. Should be a good area to get in long. Stop/loss, being the breakdown of 1297 area broken.
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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.