GOOGLE I Potential growth within the ascending channelWelcome back! Let me know your thoughts in the comments!
** GOOGLE Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Googletrend
GOOGLE $GOOG - Feb. 26th, 2024GOOGLE NASDAQ:GOOG - Feb. 26th, 2024
BUY/LONG ZONE (GREEN): $144.50 - $154.80
DO NOT TRADE/DNT ZONE (WHITE): $139.60 - $144.50
SELL/SHORT ZONE (RED): $131.15 - $139.60
Weekly: Bullish
Daily: DNT
4H: Bearish
The zone around $140 has been supported to the bullish side three times since Jan. 17th, 2024. Currently price is back at the zone after creating bearish structure on the 4h timeframe with strong downside momentum. Price has respected the level at $146.10 to the bearish side and broke below the $144.50 on the daily timeframe which is the start of the DNT zone and the potential start of entry into the bearish zone.
Bulls can look for rejections up from the $140 area or breaks above the $144 level/structure (daily timeframe). Bears can look for continuation below the $140 area or a pullback and rejection of the $144 level (daily timeframe).
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!