Alphabet Inc. (GOOGL) Stocks Elliott Wave technical analysis [Video]
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GOOGL Elliott Wave Analysis – Trading Lounge Daily Chart.
Alphabet Inc. (GOOGL) – Daily Chart.
GOOGL Elliott Wave technical analysis
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Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Minor Wave 1.
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Direction: Bottom in Wave 2.
Details:
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A sharp pullback is expected in Minor Wave 2 after a top in wave 1 of (3).
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Possibility that wave (1) may need to be repositioned, potentially signaling a larger correction.
GOOGL Elliott Wave Analysis – Trading Lounge 1H Chart.
Alphabet Inc. (GOOGL) – 1H Chart.
GOOGL Elliott Wave technical analysis
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Function: Trend.
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Mode: Impulsive.
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Structure: Motive.
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Position: Wave {c} of 2.
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Direction: Bottom in Wave 2.
Details:
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Looking for a potential bottom in wave 2, either already in place or forming soon.
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A three-wave move in wave 2 is visible, suggesting the end of the current corrective phase.
GOOGL Elliott Wave technical analysis – Summary
Daily chart
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GOOGL is in an impulsive trend within a motive structure, currently observing a correction in Minor Wave 2.
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After reaching a top in wave 1 of (3), the stock is undergoing a sharp pullback, possibly indicating the beginning of a larger corrective phase.
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Wave 2 pullback should ideally set the stage for the next upside movement once completed.
1H chart
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GOOGL is nearing the completion of wave {c} of 2, marking the end of the current corrective phase.
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A three-wave structure is forming in wave 2, suggesting a potential bottom is either already in place or developing soon.
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This could signal the start of a new impulsive wave in the next upward trend.
Technical analyst: Alessio barretta.
GOOGL Elliott Wave technical analysis [Video]
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