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.

Alphabet-Inc-day-sto...


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

Special Trial Offer - 0.76 Cents a Day for 3 Months! Click here

Access 7 Analysts Over 170 Markets Covered. Chat Room With Support

Alphabet-Inc-4hr-sto...

Related

Australian Dollar/U.S. Dollar (AUDUSD) Elliott Wave Analysis: Accurate Currency Forecasts and Forex Technical Insights

Australian Dollar/U.S. Dollar (AUDUSD) Elliott Wave Analysis: Accurate Currency Forecasts and Forex Technical Insights

The AUDUSD Elliott Wave analysis provides a detailed look at the current market trends, focusing on ...

Read More >
Theta Token / U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 14 November 23

Theta Token / U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 14 November 23

Theta Token / U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 14 November 23,

Read More >
Fortinet Inc. (FTNT) Elliott Wave Technical Analysis: Stock Forecast, Key Fibonacci Levels, and Technical Insights for Traders

Fortinet Inc. (FTNT) Elliott Wave Technical Analysis: Stock Forecast, Key Fibonacci Levels, and Technical Insights for Traders

Elliott Wave analysis of Fortinet Inc. (FTNT), covering daily and 1-hour charts. It explores the cur...

Read More >
S&P/TSX 60 Elliott Wave Analysis: Orange Wave 4 Corrective Phase, Wave Predictions, Bullish Trends, and Market Insights

S&P/TSX 60 Elliott Wave Analysis: Orange Wave 4 Corrective Phase, Wave Predictions, Bullish Trends, and Market Insights

Gain valuable insights into the S&P/TSX 60 Index with a thorough Elliott Wave analysis. Explore the ...

Read More >
Texas Instruments Inc. Stock Analysis - TXN Elliott Wave Technical Analysis Shows key resistance levels and Stock Movements

Texas Instruments Inc. Stock Analysis - TXN Elliott Wave Technical Analysis Shows key resistance levels and Stock Movements

This analysis provides a detailed look at Texas Instruments Inc. (TXN) through the lens of Elliott W...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on