GOOGL tested midterm support.
To the upside, a daily settlement 1%+ beyond the teal channel would trigger a long trade towards the blue and black channel structures.
To the downside, a weekly settlement below both the teal and blue channel structures would trigger a shorting opportunity towards the full channel extension and also the 50% retracement from the covid low to the recent highs.
To the upside, a daily settlement 1%+ beyond the teal channel would trigger a long trade towards the blue and black channel structures.
To the downside, a weekly settlement below both the teal and blue channel structures would trigger a shorting opportunity towards the full channel extension and also the 50% retracement from the covid low to the recent highs.
Note
GOOGL confirmed 1%+ daily settlement breakout on 3/22/21.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.