Here we are looking at 
GOOG for long term market direction
We can see on the large time frame we are developing a double top scenario within a rising wedge.
With the higher time frames coming into focus as the dominant chart, we are likely to see Google fall over the coming weeks to close gaps at or very near to 143 and again at 112.
If you inspect the Daily CCI you will see we are breaking negatively to the downside below the zero line and implying a pick up in speed Coming Soon ™ on an impending pullback.
If the Daily CCI holds here we could see support forming for a leg Higher.
GOOG for long term market directionWe can see on the large time frame we are developing a double top scenario within a rising wedge.
With the higher time frames coming into focus as the dominant chart, we are likely to see Google fall over the coming weeks to close gaps at or very near to 143 and again at 112.
If you inspect the Daily CCI you will see we are breaking negatively to the downside below the zero line and implying a pick up in speed Coming Soon ™ on an impending pullback.
If the Daily CCI holds here we could see support forming for a leg Higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.