GOOGL
Elliott Wave View: Alphabet (GOOGL) Resumes Higher in wave ((5))Alphabet (GOOGL) has broken above June 24 high, suggesting that the next leg higher has started. The stock has ended the correction from June 11 high in wave ((4)) as a Flat Elliott Wave Structure. Wave (A) ended at 1385.80 low, wave (B) ended at 1475.79 high, and wave (C) ended at 1351.65 low. This 3 waves move ended wave ((4)) pullback. From that low, the stock extended higher in wave 1, which ended at 1402 high. The pullback in wave 2 then ended at 1393.22 low.
Afterwards, the stock resumed higher in wave 3, where the subwave unfolded as a 5 waves Elliott Wave structure. Wave ((i)) ended at 1406.50 high, wave ((ii)) ended at 1395.64 low, wave ((iii)) ended at 1448.48 high, wave ((iv)) ended at 1441 low, and wave ((v)) ended at 1488.52 high. Wave 4 pullback is proposed complete at 1468.55 low. The stock can push for another high before ending 5 waves rally from June 29 low in wave (1). A larger degree pullback in wave (2) should then follow before the rally resume again. As far as pivot at 1351.05 low stays intact, expect dips in 3, 7, or 11 swing to continue finding support.
GOOGL Analysis 3 Rising Valleys + Bullish Momentum + Time Frame Confluence
Option 1 based off Price Action and Option 2 based off Elliot Wave Forecast
Weekly Chart
Descending Broadening Wedge
(Close above 1425 Bullish)
Bullish Outside Bar
Bullish Rectangle
Double Bottom at Demand Zone
Daily Chart
3 White Soldiers
Bump & Run Reversal Bottom
Bullish over 1463
Gap Fill 1483.56
4hr Chart
Bullish Momentum
Trend Reversal
EMA cross over 1460
🤔 Opportunity On Google? (GOOG)💰 LET'S GET INTO SOME GOOGLE ANALYSIS!💰
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(Overall Market Sentiment) 🐻 Bearish
- My main worry is that the longterm upward support has been broken and had a retest but looks like it could be rejecting off of it for a new Resistance and a lower low / lower high.
- I have a red engulfing crossover on the 12 hour with compression on the daily. The Crossover strategy is showing a Crossover all indicators to the downside.
- All 3 ema dots ont he bottom are red and have been red consecutively.
- I will be taking a short with a 1.5% stoploss.
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GOOGL D1: Gap filled correction up next(NEW/UPDATED)Why get subbed to to me on Tradingview?
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GOOGL D1: Gap filled correction up next(NEW/UPDATED)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: GOOGL daily chart review
::: overhead gap filled now
::: 20%+ correction up next
::: maxed out already
::: get ready to short for gains
::: TP1 is 1152 USD
::: TP2 is 1080 USD
::: strategy: short from GAP
::: correction can last 4-10 weeks
::: market disconnected from reality
::: don't get crushed in this new correction
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment: BEARS
::: Sentiment outlook short-term: BEARISH
NASDAQ100 - What´s about 11.000The markets are crazy. Especialy the NASDAQ100 NASDAQ:NDX
Before we could see the next down move in the NASDAQ100 we might see the next, maybe the last, bull run to 11.000
The FANG Stocks will guide the NASDAQ. Those 4 Stocks + a few other heavy weights have the most impact in the TechSector.
NASDAQ:FB
NASDAQ:AMZN
NASDAQ:NFLX
NASDAQ:GOOGL
NASDAQ:MSFT
NASDAQ:ADBE
NASDAQ:NVDA
>> And never fortget ! -- Plan your trade and trade your plan ! <<
GOOGL - Rejection?Hello Everyone!
We have left GOOGL ready to break resistance at 1440 and fill the gap at 1478 but see what happened : price has bounced on 20 sma and break resistance, but in the end the high of the candle of 10th June was 1472....than it came back and didn't fill the gap....in my opinion this is a short term bearish signal.
Yesterday Nasdaq was down 5,01% and GOOGL 4,29% breaking below its 20 sma quite easely, even if today the pre-market shows the possibility of a recovery, we have to consider that after a down day lake this is unlikely not to see new down days, than we have to be prepared that the price will possibly find a sort of support at 50 sma or lower around 38,2% Fibonacci level at area 1290 which was previously resistance, this in case the market will continue in south direction.
A bounce at 50 sma will open the case for a new bullish leg.
Feel free to post a comment below if you like and...may the market be with us....!
ALPHABET ($GOOGL) 🏁 | The Google Article Of Your DreamsToday we are looking to see if Alphabet can follow other tech companies like Apple to make new highs. Big tech companies (Apple, Microsoft, Facebook, Alphabet, especially) making new highs is bullish for the market a few reasons, as we covered in a previous post (see our related S&P post in the links below).
The good news is some rotation out of other sectors and into tech today might be just what is needed to push the NASDAQ, big tech, and Alphabet to new heights.
Let's take a look at big search to see if GOOGL has what it takes to break resistance.
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Support:
The S1 bullish S/R orderblock cluster is our first point of support for the GOOGL bulls. Although we would likely get there by way of a series of lower lows, there is no reason we can't find support here and move up as people weight their portfolio to tech due to "second wave" COVID fears.
If S1 can't hold, the S2 orderblock formed by a previous gap is a good candidate for support. This isn't the ideal correction for the bulls, but it retains an overall bullish price structure.
The S3 S/R flip is hard to hit without the bullish market structure being lost, however, it is a notable support level if the markets go into a more serious correction. While support exists below S3, it is irrelevant to our current question of a path to new all-time highs over any reasonable timeframe.
Resistance:
R1 is the first point of resistance for the bulls. Breaching R1 and finding support on it or above it is paramount. The ideal for bulls is to maintain the current momentum and avoid a pattern of lower highs and lower lows.
Above R1 we have the R2 orderblock from the gap down at the start of the COVID drop. R2 is a logical point of resistance on the path to all-time-highs, as it gives a chance for consolidation without sacrificing momentum.
Lastly, the R3 S/R Flip and R4 all-time highs are the final points of resistance. Either/both of these levels could provide one final challenge for bulls before it's off to the races.
Summary:
Alphabet has a clear path to all-time highs, and if the bulls can pull it off it will be very bullish for the markets. If Apple can do it, we think Alphabet can do it. Then of course so can Microsoft, Facebook, etc. This should set off a chain reaction to take the indexes (which are all tech-heavy) to new highs.
Resources:
finance.yahoo.com + www.cbsnews.com
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GOOGL Analysis Bullish Rectangle + 3 Outside Up + 3 Rising Peaks + Bullish Momentum
Price Target: 1483.56, 1530.56
Options Trade: 6/12 1500c (High Risk)
I've been patiently waiting for the past 2 weeks for GOOGL to break out of the bullish Rectangle (Previously Ascending Triangle) and this looks like the perfect time for entry after the close today.