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Short

Short Google based on Elliott and DeMark outlook

BATS:GOOG   ALPHABET INC
218 0 1
Wave v of 5 has just completed a termination wedge , a pattern which tends to retrace a) all of its length, and b) to wave iv. As with the internal structure of wave 3 (which also ended on a wedge ), the presence of a contracting triangle gives us an objective view on where wave iv of 5 is, as triangles must always be the penultimate wave in a wave of larger degree.

Add to this the TD             Combo pattern which completed in May, and a retracement to at least 645, or further, looks increasingly likely. Use the top of the blue rectangle as a stop loss level for shorts.
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