GOOGL Elliott Wave Analysis – Trading Lounge
Alphabet Inc. (GOOGL) Daily ChartGOOGL Elliott Wave Technical Analysis
Alphabet Inc. (GOOGL) 1H ChartGOOGL Elliott Wave Technical Analysis
This Elliott Wave analysis for Alphabet Inc. (GOOGL) covers both the daily and 1-hour charts, applying Elliott Wave Theory to evaluate potential future market movements.GOOGL Elliott Wave Technical Analysis – Daily ChartOn the daily chart, Alphabet (GOOGL) is in the early stages of Minor Wave 5, suggesting the resumption of an uptrend. The preceding Wave 4 correction seems to have bottomed, and the market is now building toward a new impulsive structure in Wave 5, likely unfolding in a {i}-{ii} formation. The overall outlook is for continued upside as this final wave progresses.GOOGL Elliott Wave Technical Analysis – 1H ChartOn the 1-hour chart, GOOGL is currently in Wave {ii} of 5, with a potential further downside move expected. The market appears to be near the completion of the corrective structure in Wave {ii}, particularly in Wave (c), which targets equality with Wave (a). After this final leg lower, a reversal is anticipated, leading to the beginning of Wave {iii}, signaling the next phase of the uptrend.Technical Analyst: Alessio BarrettaMore By This Author:Elliott Wave Technical Analysis: Euro/U.S. Dollar – Monday, Oct. 21
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