Once again, the attempt to sustainably overcome the resistance at $181.61 has failed. The GOOGL stock faced renewed selling pressure, causing the price to initially retreat to $163. Despite this pullback, we still expect the stock to break above this resistance in the near term, as we expect the high of the magenta wave (iii) beyond this level. However, please note our alternative scenario (33%), which places the price in the green wave alt.(4)
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
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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.