It would appear GOOG is finishing a corrective "B" wave and will soon turn upward for a "C" Wave toward a target of 364.
Note that there is a zone from 339 to 349 where we might see an early reversal down to a Wave 4. It appears to want to move toward its trend line though, which would require a slightly extended run. Be cautious in this zone.
GOOG Generally moves in a corrective pattern (ABC) upward and downward, which introduces volatility, but overall, I have about 70% confidence in this move once the current B wave finishes.
Note that there is a zone from 339 to 349 where we might see an early reversal down to a Wave 4. It appears to want to move toward its trend line though, which would require a slightly extended run. Be cautious in this zone.
GOOG Generally moves in a corrective pattern (ABC) upward and downward, which introduces volatility, but overall, I have about 70% confidence in this move once the current B wave finishes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.