My brief overview of the chart this week:
While still in a downtrend,
We ended up tapping and reacting positively to 330 support.
And creating a new area of support at 335. If we cant hold the new range, I suspect that we will fall lower, 315.
On the contrary, if we hold 335 i can expect
GOOGL to break out of downtrend and head higher.
Overall Bias: Neutral
Both sides are in a great position, it's too soon to tell.
It's all up to how we react off of the 335 level
While still in a downtrend,
We ended up tapping and reacting positively to 330 support.
And creating a new area of support at 335. If we cant hold the new range, I suspect that we will fall lower, 315.
On the contrary, if we hold 335 i can expect
GOOGL to break out of downtrend and head higher.Overall Bias: Neutral
Both sides are in a great position, it's too soon to tell.
It's all up to how we react off of the 335 level
Note
Bullish scenario played out, which is what i was hoping for.Now i expect a lot of volatility above the trendline for the week and hopefully hold bullish trend and push higher
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.