We appear to be in the final wave of a major bull run that began all the way back in 2005. If this count unfolds as expected, Google could potentially rally toward the $350–$620 range or even higher representing a gain of over 200% from current levels. This would mark the completion of the fifth and final wave before a major long-term correction sets in.
That said, it's important to stay cautious. A sustained break below the current gray wave 5 would invalidate this scenario and suggest that the long-standing bull cycle may already have come to an end.
That said, it's important to stay cautious. A sustained break below the current gray wave 5 would invalidate this scenario and suggest that the long-standing bull cycle may already have come to an end.
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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.