themarketzone
Short

Is it the top of $GOOG? Daily reversal scenario

NASDAQ:GOOG   Alphabet Inc (Google) Class C
$GOOG             big announcement on re-organization caused a huge gap in the stock, right where its previous top was, near 680$.
That gap created two bearish patterns:
1. Daily double top .
2. Hourly bearish Bat pattern.

Regarding pattern 1, we still have to see how the day ends. A pinbar will be great for the potential bearish daily reversal.
For the second pattern - 650$ and 630$ are my target levels for this setup
Stop loss can go above previous high

See a video discussing this pattern - http://goo.gl/xNmmAS
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
AR العربية
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