#bitcoin # eurusd #litecoin #ethereum # trading #daytrading
Hello to all watching my charts.
Today i had had a closer look to Google Alphabet Inc.
This stock breaks the trendline now and is in a short setup
similar to the last trendline break on 28.6. end of June
when we it established long setup ;
and i showed you that with a BUY signal.
For all who want...
Google has fallen out of its flag with solid volume confirmation, I'm currently in 3 shorts but will load more depending on AH action tomorrow at open.
Targeting 0.5 fib of last bullish structure
Daily & Weekly support further downwards movement.
FOMC was very hawkish, surprised we aren't tanking harder.
The last time GOOGL missed on earnings was 18Q2, and the price action into that is very similar to that from December 2018. In both cases there is
- a rise before earnings of just over 30% in a clear parallel channel to around 1290
- a drop into a lower pitchfork channel, losing 10% to around 1155
- a 50% fib deadcat bounce to around 1220
- then a return to the...
$GOOG has now dropped over 20% since its July high, bringing the stock into bear market territory for the first time in 7 years -- since August 2011 (both time periods marked on chart.)
I remain bearish on Google for the remainder of 2018. Macroeconomic conditions and trade tension combined with an over valued market and much needed correction in the technology...
It looks like Google will play out an A-B-C-D-E pattern. This pattern will be complete once google breakouts off the triangle. I think it will breaks out in a bearish way and hed to the .5 fib line. This fib line meets with the gann fanns and a long support line.
Google continue go up to 1050 - 1135 - 1200. Or go down to 900 - 850 - 780
My preference: short positions below 980 - 1000 with targets at 900 - 850 - 780 in extension.
Alternative scenario: above 1000 look for further upside with 1050 - 1135 - 1200 as targets.
Here we can see a reliable cypher pattern heading for resistance at the fibb .382 and previous resistance level. Price is slightly overbought as seen with RSI and stochastic. If I were a betting man I'd say we're going to see a drop here very soon.
Our preference: sales position below 1010.00 with targets at 991.00 & 981.00 in extension.
Alternative scenario: in excess of 1010.00, aim for a continuation of the rise with 1020.00 & 1030.00 in line of sight.
Comment: The RSI calls for a continuation of the decline.