Chart: 1h | Symbol: GOOGL (NASDAQ)
Target: $188.00
Alphabet (GOOGLE) is forming a textbook double bottom pattern near support, with price action now testing the neckline – a bullish reversal could be imminent!
What We’re Seeing:
⚡ Double bottom formed around $160.18, showing strong support
⚡ Neckline resistance at $164.50 being tested with increasing momentum
⚡ Volume rising on the second bounce – breakout potential growing
⚡ Target Zone: $188.00 – based on pattern height projection
Next Move:
We need a confirmed breakout above the neckline at $164.50 with solid volume to go long. If it clears, expect a quick push toward the target as buyers step in!
TRADE PLAN:
🔔 Entry: Confirmed breakout above $164.50
🎯 Target: $188.00
🛡 Stop Loss: Below $160.00 (just under the double bottom for risk control)
Final Note:
GOOGLE is gearing up for a potential bullish reversal with this double bottom setup. Stay patient, wait for the breakout confirmation, and be ready for a strong move if volume aligns!
Target: $188.00
Alphabet (GOOGLE) is forming a textbook double bottom pattern near support, with price action now testing the neckline – a bullish reversal could be imminent!
What We’re Seeing:
⚡ Double bottom formed around $160.18, showing strong support
⚡ Neckline resistance at $164.50 being tested with increasing momentum
⚡ Volume rising on the second bounce – breakout potential growing
⚡ Target Zone: $188.00 – based on pattern height projection
Next Move:
We need a confirmed breakout above the neckline at $164.50 with solid volume to go long. If it clears, expect a quick push toward the target as buyers step in!
TRADE PLAN:
🔔 Entry: Confirmed breakout above $164.50
🎯 Target: $188.00
🛡 Stop Loss: Below $160.00 (just under the double bottom for risk control)
Final Note:
GOOGLE is gearing up for a potential bullish reversal with this double bottom setup. Stay patient, wait for the breakout confirmation, and be ready for a strong move if volume aligns!
Join My Telegram Channel Now
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
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.
Join My Telegram Channel Now
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
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.