Short Google based on Elliott and DeMark outlook

BATS:GOOG   Alphabet Inc (Google) Class C
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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out