GOOGLE with a bullish secret mountain
Updated
I mean, let's be honest, everyone knows this pattern so I probably don't need to over-explain.
But basically, GOOGLE is quite bullish to 142.
The RSI on the bigger charts still have room to climb, and the smaller charts are all pretty high. The thing to notice is the rejection off a resistance trend, with a high short term RSI and a longer term RSI that is pumping. The high short term, at the rejection area implies that a drop would be soon to follow. That drop is starting to line up right with some pretty solid short term trend support. If the short term trend support holds up, we can keep pumping until we hit the next resistance trend, which would probably coincide with a cool down.
There are a few different paths that google could get up to the mid 140's, and the orange mountain drawing is one of them, and the one that provides a more natural growth in the short term with a healthier cool down. However, we could potentially see a more explosive move off the trend which might look more like this (pink)
https://www.tradingview.com/x/JbLRPRRQ/
On a trend break, depending on where this occurs, we could see some major downside (or some not so major downside depending on your position) with a nice little bounce back. Which might look more like this.
https://www.tradingview.com/x/8XjJqsFk/
followed by a bounce somewhere (idk where) this is just a really really rough trading plan just incase we see a trend break and a drop. Lines are not accurate in terms of price and time frame.
https://www.tradingview.com/x/PWnk5QQi/
If we drop to the secret base, maybe just under 126, expect a missile launch. Missile launch could be a dud and might not make it back past 133.
But basically, GOOGLE is quite bullish to 142.
The RSI on the bigger charts still have room to climb, and the smaller charts are all pretty high. The thing to notice is the rejection off a resistance trend, with a high short term RSI and a longer term RSI that is pumping. The high short term, at the rejection area implies that a drop would be soon to follow. That drop is starting to line up right with some pretty solid short term trend support. If the short term trend support holds up, we can keep pumping until we hit the next resistance trend, which would probably coincide with a cool down.
There are a few different paths that google could get up to the mid 140's, and the orange mountain drawing is one of them, and the one that provides a more natural growth in the short term with a healthier cool down. However, we could potentially see a more explosive move off the trend which might look more like this (pink)
https://www.tradingview.com/x/JbLRPRRQ/
On a trend break, depending on where this occurs, we could see some major downside (or some not so major downside depending on your position) with a nice little bounce back. Which might look more like this.
https://www.tradingview.com/x/8XjJqsFk/
followed by a bounce somewhere (idk where) this is just a really really rough trading plan just incase we see a trend break and a drop. Lines are not accurate in terms of price and time frame.
https://www.tradingview.com/x/PWnk5QQi/
If we drop to the secret base, maybe just under 126, expect a missile launch. Missile launch could be a dud and might not make it back past 133.
Note
If missile is a dud, then favor 114 ishNote
We may have seen the short term trend break after the resistance rejection. We are now on the underside of two rejection trend linesNote
Pretty good bounce from the secret base. use caution at this point forward.Note
Lookout, should be some nice movement for google incoming. I think. Very bullish look atm.Note
move is still bullish, looks like 162 is possible. Use caution at these levels, especially if you bought the dip into the secret base lolNote
rocketship vrooom space rocket zoomAlso, trend technically takes the price higher but careful on this impulse, no shame in locking in gains.
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