This chart outlines a potential reaccumulation and continuation setup on GOOGL, mirroring the March 2024 price reset structure that preceded a strong rally into late 2024.
After a healthy correction from recent highs, price has now retraced into a key equilibrium zone, sitting just above the 200-day moving average and reclaiming the long-term ascending trendline.
We could be witnessing the formation of a higher low, potentially setting the stage for another strong leg up — projecting a ~35% move from the current structure lows, aligning with previous historical expansions over similar time frames (notably 119 days from low to high).
🔍 Smart Money Insights:
•Discount zone tapped, showing buyer interest and possible accumulation.
•Price is recovering above trendline + EMA confluence.
•Premium zone around $215 may act as the next major target/liquidity area.
🧠 Thesis:
If this monthly candle closes strong and confirms support around the $160–165 range, we may see a March-like reset that kicks off a Q2-Q3 continuation, targeting the $215 level.
After a healthy correction from recent highs, price has now retraced into a key equilibrium zone, sitting just above the 200-day moving average and reclaiming the long-term ascending trendline.
We could be witnessing the formation of a higher low, potentially setting the stage for another strong leg up — projecting a ~35% move from the current structure lows, aligning with previous historical expansions over similar time frames (notably 119 days from low to high).
🔍 Smart Money Insights:
•Discount zone tapped, showing buyer interest and possible accumulation.
•Price is recovering above trendline + EMA confluence.
•Premium zone around $215 may act as the next major target/liquidity area.
🧠 Thesis:
If this monthly candle closes strong and confirms support around the $160–165 range, we may see a March-like reset that kicks off a Q2-Q3 continuation, targeting the $215 level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.