GOOGL is in a terminal log-periodic, super-exponential blowoff trajectory that could have reached price exhaustion as part of a truncated Elliott Wave (EW) 5th save, setting up a cyclical decline to around $300 (or perhaps below).
The price and volume, however, allow for a final acceleration to the low to mid-$800s, but I would not be trying to catch such a potential move at this point with so many other leaders and major indices setting up tops.
The price and volume, however, allow for a final acceleration to the low to mid-$800s, but I would not be trying to catch such a potential move at this point with so many other leaders and major indices setting up tops.
