GOOG caught an extraordinary bid from the weekly pivot, but ultimately stopped before the previous ATH without making a higher-high to confirm bullish market structure. This could be wave (B) of a larger correction, especially as the S&P rally is built on hype. Wave © has a target of the 0.236 Fibs and HVN at $246. If wave IV is complete, wave V has a minimum target of the R1 weekly pivot, $381. Bulls are in control for now.📈 Weekly RSI bearish divergence in overbought is playing out, with plenty of room to fall until oversold. A pop into ATH would give an even larger bearish divergence to look out for.
👉 Analysis is invalidated if price continues to new highs above wave III
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
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📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
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🎓 Behavioural Economist (PhD)
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
📈 Trader / Investor 15 years
👑 Unlock my trading plans: tradingblueprints.substack.com
🏆 Market Psychologist Newsletter: marketpsychologist.substack.com
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.