GOOG inside downtrend channelBoth Short & Long ideas.
Goog continue down trend. May bounce for few days then continue downtrend.
Short near upper TL.
Long at lower TL.
GOOGL trade ideas
I am still Googling A Trend Following Setup!💻Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GOOGL has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower blue trendline acting as a non-horizontal support.
Moreover, the zone 70.0 - 77.0 is a strong support and demand zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone , lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest!
📉 As per my trading style:
As GOOGL approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GOOG - Day ChartBullish Harmonic Pattern AB = CD formed. And there's also bullish divergence identified on Klinger Oscillator.
GOOGLE STOP BLEEDING???? According to Elliot wave
-Wave 3 is @ 161% fib extension of wave 1 and 2 ( Usually the wave 3 is extended to the direction of the overall trend, so use caution)
(IF WE DO NOT GET A REVERSAL TOMORROW AND WE DUMP AND BREAK WAVE 5 SUPPORT WAVE 5 COULD BE WAVE 3) Extended
-Wave 5 is usually the length of wave 1 or extension of wave 3 and 4 @ at the 61% extension PRICE $96
-Wave 5 retracement levels 38% 51% 61% ($117, $124, $131)
-!I think we get relief rally tomorrow!
-I think the inflation data will be lower than expected due to oil prices being lower (energy sector)
-BUT more pain ahead so take profits
GoogleGoogle will melt down following the rest of Nasdaq that are extremelly overvaluated and prices will have to return to 2007 levels
Google in inverted head and shoulders.Alphabet - 30d expiry - We look to Buy at 95.11 (stop at 91.82)
A bullish reverse Head and Shoulders has formed.
Bespoke support is located at 94.20.
Levels below 95 continue to attract buyers.
The primary trend remains bullish.
Dips continue to attract buyers.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 103.33 and 105.33
Resistance: 101.00 / 103.50 / 105.00
Support: 97.00 / 94.20 / 91.80
Disclaimer – Saxo Bank Group.
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Elliott Wave View: Alphabet (GOOGL) Has Resumed the Next Leg LowAlphabet (ticker: GOOGL) shows incomplete bearish sequence from 1.31.2022 earlier this year. It favors further downside to reach the extreme target of 61 – 72. Short term Elliott wave View in Alphabet (ticker: GOOGL) suggests that cycle from 12.1.2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 12.1.2022 high, wave 1 ended at 97.21 and wave 2 rally ended at 101.38. The stock resumed lower in wave 3 towards 92.20, wave 4 ended at 96.09, and wave 5 lower ended at 91.61 which completed wave (1). Rally in wave (2) completed at 99.53 and the stock has resumed lower.
Down from wave (2), wave ((i)) ended at 95.03 and rally in wave ((ii)) ended at 96.87. Stock resumed lower in wave ((iii)) towards 89.51, and wave ((iv)) ended at 91.33. Expect stock to extend a little lower to complete wave ((v)). This should also end wave 1 in higher degree. Stock should then rally in wave 2 to correct cycle from 12.13.2022 high before the decline resumes. Near term, as far as pivot at 99.55 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
GOOGL to $53-$56My $85 price target from about a year ago ($1700 pre split) has been reached. Considering current state of the market I am expecting at least another 30-40% decline from current levels. Around $53-$56 ranger I am expecting a bit of support considering stock consolidated at that level for two years from 2018 to 2020.
I am not suggesting $53 will be the bottom. In fact I think price will go lower. But I will have to gage on the state of the economy, technical set up of the chart and more importantly on FED’s actions before I can see the bottom.
If/when price slides below $50, there could be some support around $27-$30 range where consolidation occurred for about to years in 2014-2016. Ultimately it could dip to $13-$16 range where someone was accumulating shares for 6 years (2007-2013), but I will have to re-assess those levels as times goes by.
A BULLISH INVERTED HAMMER FOUND ON GOOGA small pip profit as per giving buy and tp, hammer found on goog chart.
GOOG Alphabet Inc. Technical ReboundIf you haven`t sold GOOG at the top, when Ark Invest did:
Then you should know that a technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of GOOG is at 22.42.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.
Looking forward to read your opinion about it.
GOOGdespite the divergence, the price went down after (together) with the index, but at the moment the asset is weaker relative to the general index, which means it should fall even deeper than the current price.
In the area of 76-72, there is the first serious support, which I also tried to find with the help of Fibonacci.
A sadder ending suggests a decline to the level of 63.4, which I also tried to find (explain) with Fibonacci levels.
