Alphabet Inc., (GOOGL) Stock Elliott Wave Technical Analysis

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GOOGL Elliott Wave Analysis Trading Lounge Daily Chart

Alphabet Inc., (GOOGL) Daily Chart

GOOGL Elliott Wave Technical Analysis

 

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION:  Intermediate (3).

DIRECTION: Upside in wave 3 of (3).  

DETAILS: This is quite the bullish scenario for Alphabet, as it would project us into a third of a third. Alternatively we could expect a wave (4) in place where wave (2) stands and now upside within wave (5).

 

 

 

 

GOOGL Elliott Wave Analysis Trading Lounge 4H Chart

Alphabet Inc., (GOOGL) 4H Chart

GOOGL Elliott Wave Technical Analysis

 

FUNCTION: Trend

MODE: Impulse

STRUCTURE: Motive

POSITION: Wave {b} of 2.  

DIRECTION: Downside in wave {c} of 2.  

DETAILS: Looking for either another leg lower into wave {c} of 2 or else we could move higher from where we are. We seem to be finding support on top of Medium Level 150$ therefore we could see further upside.

 

 

 

Welcome to our GOOGL Elliott Wave Analysis Trading Lounge, where we provide insights into Alphabet Inc. (GOOGL) using Elliott Wave Technical Analysis. Let's examine the market dynamics on the Daily Chart.

* GOOGL Elliott Wave Technical Analysis – Daily Chart*

Our analysis indicates a trending function characterized by impulse mode and motive structure, positioned in Intermediate (3). The direction suggests upside movement in wave 3 of (3). This scenario is notably bullish for Alphabet, potentially projecting us into a third of a third. Alternatively, we could anticipate wave (4) formation, considering the possibility that wave (2) has concluded, leading to upside within wave (5).

* GOOGL Elliott Wave Technical Analysis – Daily Chart*

Here, we identify a trending function marked by impulse mode and motive structure, positioned in Wave {b} of 2. The direction indicates downside movement in wave {c} of 2. We are observing the possibility of another leg lower into wave {c} of 2, although there is also the potential for upward movement from our current position. Notably, we are finding support atop Medium Level $150, suggesting the likelihood of further upside.

 

Technical Analyst : Alessio Barretta

 

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