GOOGL - High-Confluence Support Ahead

GOOGL has been in a strong long-term uptrend, consistently respecting its rising wedge structure while printing higher highs and higher lows. 📈

The stock is now retesting a high-confluence support area, where two important technical factors intersect:

• The lower bound of the rising red wedge, acting as dynamic support.
• The blue structure zone, which has previously served as a strong support and resistance area.

📌 As long as this intersection continues to hold, we will be looking for trend-following long setups, anticipating the continuation of the primary bullish trend.

As always, rather than buying immediately, we will wait for bullish confirmation before considering any long positions.

Will this confluence trigger the next bullish impulse? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr