Alphabet Inc. (GOOGL) – Elliott Wave Forecast Daily Chart
GOOGL Elliott Wave Technical Analysis
Mode: Impulsive
Structure: Motive Wave
Position: Wave ii of (iii)
Direction: Upside toward Wave (iii)
The daily Elliott Wave forecast for Alphabet Inc. (GOOGL) maintains a bullish outlook. Wave ii of (iii) is showing signs of nearing its end, suggesting a likely acceleration into the impulsive wave (iii). Since the April lows, a nested wave structure has formed, supporting the ongoing upward momentum. An alternate interpretation involves a completed flat correction, possibly ending wave {c} of B. Sustained bullish momentum and a strong rally will confirm the primary bullish Elliott Wave count.
Alphabet Inc. (GOOGL) – Elliott Wave Forecast 1H Chart
Mode: Impulsive
Structure: Motive Wave
Position: Wave ii of (iii)
Direction: Developing Wave iii
The short-term Elliott Wave analysis of GOOGL highlights that wave ii appears to be finishing, setting the stage for a potential extension into wave iii. A confirmed breakout above the Minor Group 2 resistance zone would strengthen this projection, indicating the start of a new impulsive upward wave. Traders should watch for key breakout signals to validate this bullish scenario.
Technical Analyst: Alessio Barretta
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