For more than a decade, Google has been trading in a rising channel formation, perfectly respecting all market structure. Now, Google is about to retest the previous all time high once again and with a sharp correction of about -25%, this offers a significant bullish reversal setup.
And voila, after waiting patiently for a couple of weeks, Google is now perfectly retesting the previous all time high resistance, which is turned support after the bullish break and retest. Since I think that the stock market bottom is in, Google might just reverse right here.
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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.