The Long Investor
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$GOOG TOP 20
🕑 Added 2025-01-19 15:27:17 +0000 UTC$AMZN's set up is slightly more bullish in my opinion as it is comfortably above its $220 support level but $GOOG is still above $193 and in a bullish triangle too and can break out of this triangle with ease....especially if they have a strong earnings this month.
The 1.618 Fib at $239 can not be ruled out either and as we know, $GOOG tends to have explosive moves directly after its earnings, in both directions it has to be said.
I am holding, I still like $GOOG and I will hold throughout their earnings and I am happy with our profits here since buying at $164 and $127 earlier in 2024.
Comments
DiegoTheSabre17
Possible
G4Golf
I have seen a lot of ending diagonals forming for this wave 5, which means they will largely be abc's up and down and don't necessarily follow the same rules as impulse waves. Sometimes what looks like a 1,2,3 is actually an abc (A) with a >38-50 retrace for the primary B.
DiegoTheSabre17
The wave A end was in region of previous 4th also. Not saying that it couldn't do further. Just providing an alternative
G4Golf
Looking at the waves going back to 2020, can see where you are coming from. Did wave ③ extend perfectly to what was ⑤? Then A could be the 3 wave entire pullback of ④ ?
DiegoTheSabre17
hey cap - could the circle A wave be actually a 3 wave ABC and be complete? The reason I ask is that the circle wave B is showing a triangle where wave 4 should be
kenv
I wanna see how this one plays out. Looks like it could be distribution too. I’m 50/50 on it.
