Elliott Wave Technical Analysis: Alphabet Inc.

Elliott Wave Technical Analysis: Alphabet Inc. – Monday, Jan. 27

Jan 27, 2025Jeremy ParkinsonFinance0

Alphabet Inc. (GOOGL) – Elliott Wave Analysis (Daily Chart)

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Minor wave 3

Direction: Upside within wave {iii} of 3

Details: Anticipating further upside, potentially breaking all-time highs (ATHs) around the $200 level with increased volume. An alternative count suggests wave {v} of 5, which may encounter major resistance between $220 and $230.

Alphabet Inc. (GOOGL) – Elliott Wave Analysis (1-Hour Chart)

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave (iii) of {iii}

Direction: Upside into wave (iii)

Details: A bottom in wave (ii) is likely in place after a clear three-wave corrective move following a five-wave advance in wave (i). This sets the stage for a strong bullish move as wave (iii) unfolds.

Technical Analyst : Alessio BarrettaMore By This Author:British Pound/ U.S. Dollar (GBPUSD) Elliott Wave Technical Analysis – Sunday, Jan. 26
Elliott Wave Technical Analysis: Mineral Resources Limited
Elliott Wave Technical Analysis: Avery Dennison Corporation