Google short: An Update to price and time targetI've previously mentioned that I expect Google to go up towards earnings and then down. This is an update to the same idea but now that the waveforms are clearer, we can roughly gauge how it will move.
Of course, as of this writing, I do expect that the price target of $204.29 will be hit before the intersection of the trendline with the Fibonacci Extension level (which is on 6th Feb).
Take note that earnings after market hours of 4th Feb. What this means is that we have 2 scenarios with different ways to handle our trades:
1. Price will be hit before earnings: in this case, I expect price to crash immediately in after-hours and at the next opening.
2. Price will be hit after earnings: In this case, I expect price to move up in after-hours, gapped up even above our target price of $204.29 and then started to sell down.
