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justatrader
Jul 11, 2013 1:11 PM

Shorting Google - Revised Short

Alphabet Inc.NASDAQ

Description

This trade idea is published using Wolfe Waves, but i've introduced a new concept of using rectangles to measure price and time. Accordingly, I see that GOOG should be on a downtrend, with possible est. price between $829.41 and $819.25.

This bottom co-incides with July 18th, when Google is expected to annouce its earnings. The analysis shows that price is likely to zoom through from this region ($829.14 - $819.25). For the sceptics, you can simply watch this chart and initiate a Long order from the above zone.
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