GOOGL has dropped over 27.28%, reaching a minor profit-booking zone. The $150 level serves as a key demand zone, where a potential price reversal could occur. The formation is either expanded flat or a running flat on the daily timeframe chart.
Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195.
A new low will form if the previous low is breached. Further research will be uploaded soon.
Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195.
A new low will form if the previous low is breached. Further research will be uploaded soon.
Join telegram channel: t.me/moneydictators
For Premium Research and Elliott wave Guidance: t.me/warlockmd
For Premium Research and Elliott wave Guidance: t.me/warlockmd
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 telegram channel: t.me/moneydictators
For Premium Research and Elliott wave Guidance: t.me/warlockmd
For Premium Research and Elliott wave Guidance: t.me/warlockmd
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.