Welcome to our latest Elliott Wave analysis for Alphabet Inc. (GOOGL). This analysis offers an in-depth overview of GOOGL's price movements utilizing the Elliott Wave Theory, assisting traders in identifying potential trading opportunities based on current trends and market structure. We will analyze both daily and 4-hour charts to provide a thorough perspective on Alphabet Inc.'s market behavior.
GOOGL Elliott Wave Analysis Trading Lounge Daily Chart
Alphabet Inc., (GOOGL) Daily Chart
GOOGL Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Minor 3
DIRECTION: Upside in Minor 3
DETAILS: Anticipating a series of wave threes to develop, indicating further upside in the future.
GOOGL Elliott Wave Technical Analysis – Daily Chart
The daily chart reveals that GOOGL is currently in Minor wave 3, indicating that a series of wave threes are expected to unfold, pointing to continued upside potential. This wave 3 typically represents strong bullish movement, often the most powerful wave in the sequence. Traders should look for higher highs and follow the bullish trend until a definitive signal of wave 4 appears.
GOOGL Elliott Wave Analysis Trading Lounge 4Hr Chart
Alphabet Inc., (GOOGL) 4Hr Chart
GOOGL Elliott Wave Technical Analysis
FUNCTION: Trend
MODE: Impulsive
STRUCTURE: Motive
POSITION: Wave (v) of {iii}
DIRECTION: Upside in wave (v)
DETAILS: Expecting upside into wave (v) as equality of {iii} vs. {i} has been achieved, now targeting the 1.618 extension level.
GOOGL Elliott Wave Technical Analysis – 4Hr Chart
The 4-hour chart indicates that GOOGL is progressing into wave (v) of {iii}. This wave is currently targeting the 1.618 extension level after achieving equality of {iii} vs. {i}.
Technical Analyst: Alessio Barretta
Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here
See Previous: Visa Inc., (V) Elliott Wave Technical Analysis
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