themarketzone
Short

Is it the top of $GOOG? Daily reversal scenario

NASDAQ:GOOG   ALPHABET INC
$GOOG             big announcement on re-organization caused a huge gap in the stock , right where its previous top was, near 680$.
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
Subscribe now - https://goo.gl/dDs4Pn

Tomer J,
The Market Zone - You trading Edge
Visit my website - http://www.themarketzone.net/
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