Based on the price behavior of GOOGL since April I think we are in the final stages of a 5 wave impulsive structure to the upside. I think we are probably in a 5th wave that will send GOOGL to the 1320s and potentially even the 1350s. The former is based on the notion that wave 5 will be equal to wave 1 in magnitude; the latter on the notion that there is a 70% chance wave 5 will terminate between the 61.8% - 100% Fibonacci levels derived from the wave structure. These targets will have to be re-calibrated if the recent low of 1204 is broken which would indicate wave 4 is still in progress as of now- this is not my notion in the chart.
Thanks for reading
Thanks for reading
注释
Re-calibration of Fibonacci levels will be needed once pullback is done. Wave count and overall setup will only be invalidated by a drop below 1117.注释
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。