GOOGL short - rising wedge paternHi traders
After reaching 0,786 fib level and completing the rising wedge pattern, GOOGL looks like it's ready to reverse the trend.
We've seen a very nice recovery but probably that's all for now and now it may be a time to short GOOGL.
RISING WEDGE seems to be completed and the price seems to be breaking down.
How to trade:
Take a short at the break down point if the volume increases.
You can also wait for a bearish retest of the resistance (previous support of the wedge).
Target for shorts: 103 -108$
stop loss: 141$
Good luck