ALPHABET INC.: WAVE ANALYSIS

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ALPHABET INC.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point137.75
Take Profit142.00, 150.50
Stop Loss136.35
Key Levels113.00, 118.80, 126.15, 142.00, 150.50
Alternative scenario
RecommendationSELL STOP
Entry Point126.10
Take Profit118.80, 113.00
Stop Loss128.55
Key Levels113.00, 118.80, 126.15, 142.00, 150.50

Growth is possible.

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the development of the fifth wave (5) started, within which the entry first wave of the lower level 1 of (5) forms. Now, the wave iii of 1 develops, within which the wave (v) of iii is forming. If the assumption is correct, the asset will grow to the area of 142.00–150.50. In this scenario, critical stop loss level is 126.15.

ALPHABET INC.: WAVE ANALYSIS

ALPHABET INC.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 126.15 with the targets at 142.00–150.50. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 126.15 will let the asset go down to the area of 118.80–113.00.

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