GOOG trade ideas
The #1 Reason This Strategy WorksThis time we are looking at this
stock NASDAQ:GOOGL
when I was looking at this strategy
which is the rocket booster strategy
boosted.
I started thinking about how the market
can be very difficult to catch especially
if like me you plan to find an opportunity
for trading every single day.
This is a very aggressive mindset to have
and I would not advise you
to think like this.But you
have to understand I have been so broke
for so long.This is why I think like
this.
This is how I think
"Every single day I should find
a trading opportunity"
No day in my trading career should ever
pass by
without me finding a trading opportunity
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as a source of income
The funny thing about this skill
is you can never learn too many strategies
you can learn as many strategies
as you wish
In this chart you
will see a "Spinning Black Top"
candle chart pattern
is on the rocket booster
strategy.
Do you see how candle stick patterns
complete the rocket booster strategy?
Do you see that the candlestick
chart patterns boosted the price action?
Thats your advantage my friend
learn as many strategies as you
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Rocket boost this content to learn more
Disclaimer: Trading is risky please learn risk management and profit
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Because you will lose money in trading
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Also use a simulation trading tooll
before you trade with real money
I'm Back! Let's simplify things... GOOGL AnalysisI like to dumb things down with my students sometimes. All the algorithms won't help without the basic understanding of liquidity and supply and demand.
In this video I try my best to outline how supply and demand works in the market and how we can see it at work at any point in the chart and on any time frame - in order to identify who is stronger at any given point and where we can see movement coming from.
Essentially, if sellers are stronger at a given level, price will need to come back down to areas where buyers are present. They will then try and break out of that selling level and will do it successfully if they have more buyers than sellers from that liquidity build (adding more buyers at lower prices). If they don't have enough, they will have to continue this process of digging deeper (controlled selling) which, although price is technically moving down, it is doing so in order to add more buyers to then break out of a strong level of resistance above.
I hope to check in with you all more often in the near future and I appreciate you all sticking with me during this time of transition!
Happy Trading all
GOOGL: Reversal or Trend Continuation? Trading Plan and Technical Analysis for GOOGL
Price Action Overview: GOOGL is currently trading near $135.50, attempting to recover after a dip from recent highs. The stock has formed a descending trendline, creating lower highs, but recent price action suggests a potential breakout attempt. Volume has been moderate, and the MACD is beginning to cross into bullish territory, signaling momentum may be shifting.
Liquidity Zones and Order Blocks:
* Liquidity Zone 1 (Support): $133.00-$134.50 - This area has seen buying interest and could act as a safety net for bullish setups.
* Liquidity Zone 2 (Resistance): $136.50-$138.00 - Key zone where sellers have shown dominance. A breakout above this could trigger a trend reversal.
Key Support and Resistance Levels:
* Support Levels:
* $134.50 - Immediate intraday support.
* $133.00 - Swing low and a critical level for bulls to defend.
* Resistance Levels:
* $136.50 - Immediate resistance and the descending trendline.
* $138.00 - Major breakout target.
Scalping Gameplan:
* Bullish Setup:
* Enter long above $136.50, targeting $137.50 and $138.50.
* Stop-loss: Below $136.00.
* Trigger: Watch for a strong 5-minute or 15-minute candle close above the descending trendline with rising volume.
* Bearish Setup:
* Enter short below $134.50, targeting $133.50 and $132.50.
* Stop-loss: Above $135.00.
* Trigger: Look for rejection at $136.50 followed by a breakdown below support with high volume.
Swing Trading Playbook:
* Bullish Case:
* Enter on a confirmed breakout above $136.50, with a swing target at $140.00.
* Stop-loss: Below $134.50.
* Indicators to Watch: MACD bullish crossover, RSI above 50, and sustained volume.
* Bearish Case:
* Enter short if price fails to break above $136.50 and closes below $134.00.
* Swing target: $130.00.
* Stop-loss: Above $135.50.
Thoughts and Suggestions: GOOGL is at a decision point, with price consolidating near the descending trendline. If volume picks up and breaks resistance, bulls could regain control. However, rejection at $136.50 might push the stock back toward support levels. Scalpers should be prepared for quick moves in either direction, while swing traders can capitalize on confirmed breakouts or breakdowns.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own due diligence and consult a financial professional before making trading decisions.
Google: Rejected!Once again, the attempt to sustainably overcome the resistance at $181.61 has failed. The GOOGL stock faced renewed selling pressure, causing the price to initially retreat to $163. Despite this pullback, we still expect the stock to break above this resistance in the near term, as we expect the high of the magenta wave (iii) beyond this level. However, please note our alternative scenario (33%), which places the price in the green wave alt.(4)
Alphabet (GOOGL): Perfect wave reaction. This is our planWhat can we say except—just take a look at this. Alphabet ( NASDAQ:GOOGL ) has followed our analysis perfectly over the last two months, reacting strongly to the targeted area for wave B and selling off immediately after reaching the exact 78.6% Fibonacci retracement.
Fundamentally, pressure is mounting on Alphabet. Last Wednesday, U.S. prosecutors presented a case to the Department of Justice arguing that Google must sell its Chrome browser, share data and search results with rivals, and potentially sell Android to dismantle its monopoly on online search. This landmark case could reshape how users find information, creating uncertainty around Alphabet’s future operational structure.
From a technical perspective, we still anticipate more downside for $GOOGL. The level of $137.8 now appears even more significant. It aligns with the Fibonacci retracement of wave (2), the Point of Control (POC), and the wave C target—an extremely strong confluence zone. This makes $137.8 a likely magnet and a strong candidate for support, offering a potentially lucrative long setup if the price reaches this level.
We are monitoring closely to see how NASDAQ:GOOGL performs in the coming weeks and how these levels react to ongoing market conditions and DOJ pressures.
Long GOOG at 166.57 - Sometimes winning just means not losing. I'll be the first to say that I don't LOVE this NASDAQ:GOOG chart. The lower high on Nov 12 is never a good sign. The fact that there was a large correction before that makes me like it less. The new incoming FCC chair and the new President are no fans of big tech and have both called out GOOG specifically as a target. The DOJ is on them about anti-competitive practices, the EU hates them, etc etc.
So why trade it at all? Well, first, there were not a lot of other great options today and I need to keep my portfolio full and be able to cycle capital. I'll be posting about a trade I like even better after I'm done with this.
Secondly, GOOG's recent history suggests that I will do well due to the kind of trading I do. More on that in a minute.
And third, drawdowns don't scare me any more. They used to. But the system I use (especially the first profitable close exit strategy) makes it very difficult for me to have large drawdowns. It can happen, but it's very rare and even then, I don't suffer nearly as much as B/H.
You can see during the July swoon, not only would I not have lost money, I'd have made it. Modest returns, but a 20% difference between me and the underlying stock lets me sleep at night and makes B/H play a very tough game of catch up afterwards. Something that it would still not be close to having done 3 months later. After that 16.7% drop, it takes a 20% rise just to get back to break even.
I do think this very recent drop COULD be part of something larger going forward. I can't see the future better than anyone else, but I know I have the tools to handle it and probably profit from it, regardless of what happens, so I'm taking the trade.
Besides, everything isn't as bad as it looks. In the last 12 months, GOOG has given 20 buy signals. All 20 would have been profitable. Half of those profitable trades came during July and the drop after that in Aug/Sept.
14 of those 20 trades only lasted a day. It's hard to get caught in a big drop when you're in and out of a trade in a day. 10 of the 20 trades made more than 1% (3 of those 10 were > 2% and two were >3%). None took longer than 5 trading days, and that only happened once. Despite its ugliness, it has still been very profitable to trade.
While I would ALWAYS suggest long trades be done on solidly uptrending stocks whenever possible, there are ways to trade less than perfect (and even bad) charts and still make money consistently. Hopefully that will be the case here, while NASDAQ:GOOG tries to work off those late summer losses and catch back up to me.
By this time next week, this trade will ideally be a distant, profitable memory. As always, I will keep buying whenever it is oversold until the position is completely closed, and sell lots as they become end of day profitable.
Have a good weekend, Googlers!
Anticipating Google’s Next Move: Short Term SwingGreetings Everyone,
This is my 4th posting today - please show support by commenting and leaving a like.
This is a rough draft of an idea I have for shorting what is probably my favorite stock in the entire market.
I’ve chosen to use this format, line chart, and color scheme because it best illustrates the idea, especially considering the numerous personal notes I’ve hidden on the chart for reference.
Based on Elliott Wave Analysis and my interpretation of this chart, I believe a near-term correction is approaching for ticker GOOG / GOOGL.
Google Earnings:
Stellar Earnings ❤️
Google generated $88.27 billion in revenue for the quarter, which was higher than the anticipated $86.3 billion.
This marks a 15% year-over-year growth compared to Q3 2023’s $77 billion.
Net income was also robust, reaching $26.3 billion, up from $19.69 billion a year ago .
Technical Analysis:
This evaluation is based on a long-term analysis using Elliott Wave Theory, mapping out the five-wave sequence.
In the chart, you’ll notice a completed wave 5,A,B and Wave C starting to unfold.
Bearish signs 🪧
- Exhaustion Gaps
- Failure in reaching previous major rejection point
- Massive Bearish Engulfish Candle on candle stick chart
- Broke through previous consolidation zone
- Based on previous analysis failed W bottoms and inverse head and shoulder patterns have a strong reversal if fails to follow through.
- MACD turning down with big selling volume
Best,
Clemard
GOOGL SHORTGoogle's stock faces significant bearish risks due to mounting antitrust pressure, particularly the U.S. Department of Justice's push for the company to sell its Chrome browser to curb its monopoly on internet searches, which could disrupt its operations and financials. Additionally, the UK is investigating Google’s dominance in the mobile browser market, and any negative outcomes from this probe could harm its competitive position. Compounding these challenges, increased competition from AI firms like Anthropic, which Amazon is heavily investing in, and the potential threat from OpenAI’s browser plans could erode Google’s market share in critical areas such as advertising and AI, further undermining investor confidence and long-term growth prospects.
Break Blue dotted support, I believe we see $150.
Alphabet Inc. (GOOGL) Shares Drop Over 4.5% in a Single DayAlphabet Inc. (GOOGL) Shares Drop Over 4.5% in a Single Day
As the chart shows, during yesterday’s trading session, the stock price of Alphabet Inc. (GOOGL), the parent company of Google, declined by more than 4.5%. The drop was driven by regulatory pressure on the company concerning its Chrome browser, which may face a forced sale or breakup.
The US Department of Justice believes Google should end its monopoly on online search. A court case is scheduled for April next year, but the sharp decline in GOOGL’s share price reflects growing investor caution.
The technical chart for Alphabet Inc. shares reveals further reasons for concern due to several bearish indicators:
→ The price reversed downward (indicated by an arrow) from the median line of the long-term channel (shown in blue).
→ All bullish progress made following the earnings report (as analysed in our 30 October coverage of GOOGL shares) has now been lost.
→ The price has broken below the boundary of the steep ascending channel, which had been in place since early September, increasing the risk of a breach of the lower boundary of the blue long-term channel.
Currently, the price is holding support at the former resistance level of $167. However, will it be strong enough to counter the bearish momentum triggered by these developments?
Analysts Remain Optimistic
Despite recent turbulence, analysts maintain a positive outlook. According to a TipRanks survey:
→ 27 out of 34 analysts recommend buying GOOGL shares.
→ The average 12-month price target for GOOGL is $208.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
End of Google? Legal Battle against its DismantlingIn October 2024, the U.S. Department of Justice (DOJ) stepped up its approach against Google, signaling that it is considering a possible breakup of the tech giant as part of antitrust action. The case is the latest chapter in a long series of lawsuits against tech giants focused on competition in the search and digital ad markets.
1. Possible Antitrust Actions
The DOJ has stated that it is considering both structural and behavioral remedies to curb Google's monopolistic practices. According to the department, measures that could be taken include:
• Contractual requirements and prohibitions: To prevent Google from continuing to use its products, such as Chrome, Play and Android, to favor its search engine over other competitors.
• Product non-discrimination requirements: Google could be forced to allow competitors to have access to the same opportunities on its platforms, such as access to emerging search and artificial intelligence (AI) features.
• Search distribution agreements: Limit or prohibit exclusive agreements, such as those Google has with Apple and Samsung, that guarantee it to be the default search engine on devices such as the iPhone and other smartphones.
These recommendations come after the ruling in August 2024, where a judge concluded that Google has a monopoly in the search market, violating Section 2 of the Sherman Act, which prohibits monopolies.
2. Potential Effects on Google's Distribution
One of the DOJ's primary concerns is Google's ability to control the distribution of its products and, thus, its dominance in the marketplace. Suggested remedies seek to dismantle the current distribution structure that Google has established, which would include the creation of a “screen of choice” that would allow users to choose alternative search engines without being bound by default agreements with giants such as Apple.
In addition, it raises the need to open up the data within Google's search index, including its AI models, to competitors. This could generate greater equality of access and improve competition in digital advertising.
3. The Impact of the Case and the Possibilities of Dismemberment
Although some legal experts believe that Google will most likely have to eliminate certain exclusive agreements, such as those with Apple to be the default search engine on iPhones, the dismantling of Google seems less likely. This is due to legal complexities and the sheer size of the company, which generates millions in revenue through its search engine and digital advertising. In Q2 2024, Google Search & Other accounted for 57% of Alphabet's revenue at $48.5 billion, underscoring the company's economic power.
Despite the magnitude of the potential penalties, Google has already announced its intention to appeal the ruling, which could prolong the process for several more years. In fact, Judge Amit Mehta indicated that he plans to issue a decision on remedies by August 2025, giving Google time to continue its legal efforts.
4. Global Repercussions and the Impact on Competition
This case has implications beyond the United States. If the DOJ succeeds in imposing significant restrictions on Google, other regulatory authorities worldwide could follow suit. The European Union, which has already fined Google for similar practices in the past, could take additional action.
The case also highlights growing global concerns about the power of large technology platforms and their ability to monopolize key sectors of the digital marketplace. From data management to control of ad platforms, Google remains a dominant player, sparking debate about the need for tighter regulation to ensure fair competition.
Technical Aspect
Google has faced a considerable increase in its results and this growth has caused the stock to recover its price since the end of September. If we look at the appearance of the candlesticks, an inverted shoulder-head-shoulder is forming, this would indicate that the recovery of the stock to its current highs at $193.31 is quite feasible. The current checkpoint is located at 165.47, so we must not lose sight of this possible decision of the regulator that tries to dismember one of the Magnificent 7. If the firm successfully reaches certain agreements and ensures its permanence without dismemberment, probably its next destination will be around $220-$240.
Conclusion: A Future for Google in a Competitive Market?
The case against Google highlights the conflict between business growth and the need to ensure fair and open markets. While a complete takedown seems unlikely, the DOJ's proposed actions could alter the way Google operates, allowing for greater competition in sectors where it has held dominance for more than a decade. With appeals and protracted legal processes, the final impact of these decisions could take years to materialize, but what is clear is that the path to regulation of the tech giants is closer than it has ever been.
In short, this trial not only marks an important chapter in the regulation of Google, but also in the regulation of the entire technology industry, the repercussions of which will be felt for many years to come in the dynamics of global digital competition.
Ion Jauregui - ActivTrades Analyst
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Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
GOOGL's Momentum Breakout: Scalp & Swing Playbook Nov. 20GOOGL has rebounded strongly from its recent lows and is approaching key resistance levels with sustained bullish momentum. With a clear trendline structure and improving technical indicators, GOOGL offers actionable setups for scalpers and swing traders alike. Here’s a step-by-step plan to navigate the stock’s next move.
Market Structure Overview
* Reversal in Progress: GOOGL is recovering after a sharp sell-off, forming higher lows and climbing above critical EMAs.
* Price Action Insight: Trading near $178.30, the stock is consolidating after a breakout, signaling potential for further upside or a retest of support.
* Volume Trends: Increasing volume during the uptrend indicates growing buyer participation, strengthening the bullish case.
Liquidity Zones
* Demand Zone (Support): $172.00 - $174.00. This zone has held firm during the previous pullbacks and could act as a solid base.
* Supply Zone (Resistance): $182.00 - $184.00. Sellers are likely to emerge near this level, as it aligns with the last rejection.
Order Blocks
* Bullish Order Block: $172.00 - $173.50. Watch for buying interest if GOOGL retraces to this zone.
* Bearish Order Block: $182.00 - $183.50. This area represents the next key hurdle for bulls.
Key Levels
* Support Levels: $171.00, $172.00, $174.00.
* Resistance Levels: $178.50, $182.50, $184.00.
Technical Indicators
* 9 EMA & 21 EMA (Hourly): GOOGL is trending above these indicators, confirming short-term bullish sentiment.
* MACD (Hourly): Bullish crossover with a widening histogram, suggesting continued momentum.
* RSI (Hourly): Approaching overbought levels, so a pullback or consolidation is possible.
Scalping Plan
* Entry: Look for entries near $177.50 - $178.00 on a retest of minor support.
* Exit: First target at $179.50, with an extended target at $181.00.
* Stop-Loss: Place a tight stop at $176.50 to limit risk.
* Game Plan: Focus on momentum-based plays near breakout levels. Confirm volume and candle structure before entering.
Swing Trading Plan
* Entry: Accumulate near $172.50 - $174.00 for a higher-probability setup.
* Exit: First target at $182.00, with the potential for $184.00 on sustained momentum.
* Stop-Loss: Place below $171.00 to protect against downside risks.
* Game Plan: Watch for confirmation of the trendline support and higher lows to validate a swing trade setup.
Projection
GOOGL is positioned for a test of $182.00 and potentially $184.00 if the bullish momentum continues. However, a failure to hold $177.00 may lead to a retest of $172.00, which could provide another buying opportunity.
My Thoughts
GOOGL’s recovery suggests strong potential for both quick scalps and longer swing trades. Scalpers should capitalize on short bursts of momentum near $178.00, while swing traders can leverage pullbacks to $172.00 for a longer-term play. As always, manage your risk and adhere to your plan.
Disclaimer
This analysis is for educational purposes only and should not be construed as financial advice. Always do your own research and consult a financial advisor before making trading decisions.
A Great Buying Opportunity? Analyze GOOGLE's Potential for Next Recent Performance: GOOGLE has recently experienced volatility amidst a
bearish market sentiment. The stock completed a bearish pattern with
expectations of a pullback to around $125, contributing to concerns over its
future performance after it was noted as declining over 4% in recent
sessions. Despite this bearish trend, its robust valuation and diverse
business model have led analysts to highlight it as a potential buy
opportunity.
- Key Insights: Investors should consider GOOGLE as a strategic investment due
to its strong presence in the autonomous driving sector and overall market
diversification. While recent trends suggest a possible further decline,
analysts' confidence in its long-term growth potential warrants a closer
look. With current pricing indicating attractive valuations compared to
historical averages, this could be a favorable entry point for long-term
investors.
- Expert Analysis: Expert opinions indicate a cautious but optimistic outlook
for GOOGLE. Despite its recent underperformance among technology peers,
analysts remain bullish on its strategic initiatives, particularly
surrounding the robotaxi market. The sentiment around GOOGLE has shifted
from previous positivity, with current sentiment reflecting a significant
drop. As of now, expert sentiment is notably negative but may rebound as
structural strengths are recognized.
- Price Targets: Based on the wisdom of all professional traders, here are the
suggested price levels for next week:
- Next week targets: Target 1: 175, Target 2: 180
- Stop levels: Stop 1: 172, Stop 2: 169
- Longer-term targets: Looking at a timeframe of 6-12 months, analysts suggest
aiming for the $200 mark as the company capitalizes on its market position and
new technological advancements.
- News Impact: Notable news affecting GOOGLE includes ongoing discussions around
its stability amidst mixed performance in the tech sector. It is being
watched closely along with major players like Apple and Microsoft, which
recently saw declines. Furthermore, the positive outlook surrounding the
robotaxi market suggests that long-term prospects for GOOGLE remain strong,
despite current bearish trends.
Google I Potential positive growth in the ascending channel Welcome back! Let me know your thoughts in the comments!
** Google Analysis - Listen to video!
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GOOGLE: Where are they going after earnings? Let's talk about itWHERE WILL GOOGLE GO AFTER THEY REPORT EARNINGS ON TUESDAY?!
NASDAQ:GOOG NASDAQ:GOOGL
In this video, we will review 3 key items that give us the best probability of predicting where they will go.
1⃣ See if it meets my "High Five Setup" trade strategy
2⃣ Why it's BUY according to my Valuation Metric Tool (6/6 score) I WANT A DIP!
3⃣ Look aHEAD to find out 👇
Video analysis 4/5. Stay tuned!🔔
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Is this MAG7 name finally going to play catchup to its siblings? Drop a comment below.
Not financial advice.
THE STOCK GAUNTLET HAS BEGUN! GOOGLE 1/17⚔️🛡️ THE STOCK GAUNTLET HAS BEGUN! ⚔️🛡️
STOCK/TRADE UPDATE: 1/17
1⃣ NASDAQ:GOOG NASDAQ:GOOGL
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What is a BULL Flag Charting Pattern and How to draw it? 1/8This is video 1/8 of this series of BULLISH Chart Patterns.
A bull flag is a continuation pattern that appears in a strong uptrend, signaling that the prevailing upward trend may continue. Here's how it looks:
Flag Pole: A sharp, steep rise in price forms the flag pole.
Flag: A period of consolidation with lower highs and lower lows, forming a flag that slopes against the prevailing uptrend.
Breakout: A strong move upwards out of the flag, confirming the continuation of the uptrend.
The bull flag pattern is popular among traders because it provides clear entry and exit points and is relatively easy to identify. It's a great indicator for momentum traders looking to capitalize on the continuation of a bullish trend.
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Stay tuned for the other 7 BULLISH CHARTING PATTERNS
Google: At the Resistance!Driven by bullish momentum in the tech sector, Google’s stock has recently gained as expected. The resistance at $181.61 has presented a key hurdle in recent weeks. However, our primary wave count indicates that this level will be surpassed next during the ongoing magenta wave . This bullish impulse should conclude significantly higher in the chart, thereby setting a new all-time high. Conversely, there’s a 38% chance for our alternative scenario, which suggests an extended wave alt. correction.
Google along with AI companies preparing for major rally to $216Cup and Handle is clearly forming on Google.
The AI companies are looking super bullish in the medium term and looks great for investing in.
Either there is going to be a HUGE breakthrough with AI soon or there are going to be favourable legislations and regs to change with Trump being President.
ALl in all technically, we are seeing up signs including:
Price> 20 and 200MA
Broken downtrend
Now we just need a breakout to the upside with the Cup and Handle.
Target $216.10
GOOGLE Enormous upside confirmed by a 1W Bullish Cross eyes $235Alphabet Inc. (GOOG) has been trading within a 2-year Channel Up since the October 31 2022 bottom of the Inflation Crisis Bear Cycle. Having already started the new Bullish Leg of the pattern following the rebound on the 1W MA50 (blue trend-line), the price completed last week a MACD Bullish Cross on the 1W time-frame, the first since March 25 2024. That was halfway through the previous Bullish Leg.
The 2-year Channel Up has only given us another 3 such MACD Bullish Crosses, so this is in fact a strong and rare bullish signal. As you can see, so far we've had two major Bullish Legs within the Channel Up, both topped after roughly +60% price increases and both reached at least the 2.382 Fibonacci extension measured from their respective corrections.
Since the 2.382 Fib extension is this time considerably above the Channel Up, it is only natural to assume that yet again the Bullish Leg may complete a +60% rise from the September 09 bottom.
As a result, our Target towards the end of Q1 2025 is $235.00.
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