Hi traders
After reaching 0,786 fib level and completing the rising wedge pattern, GOOGL looks like it's ready to reverse the trend.
We've seen a very nice recovery but probably that's all for now and now it may be a time to short GOOGL.
RISING WEDGE seems to be completed and the price seems to be breaking down.
How to trade:
Take a short at the break down point if the volume increases.
You can also wait for a bearish retest of the resistance (previous support of the wedge).
Target for shorts: 103 -108$
stop loss: 141$
Good luck
After reaching 0,786 fib level and completing the rising wedge pattern, GOOGL looks like it's ready to reverse the trend.
We've seen a very nice recovery but probably that's all for now and now it may be a time to short GOOGL.
RISING WEDGE seems to be completed and the price seems to be breaking down.
How to trade:
Take a short at the break down point if the volume increases.
You can also wait for a bearish retest of the resistance (previous support of the wedge).
Target for shorts: 103 -108$
stop loss: 141$
Good luck
💥 Free signals and ideas ➡ t.me/vfinvestment
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.
💥 Free signals and ideas ➡ t.me/vfinvestment
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.