M pattern noted.
The 4th leg seems to have paused at the .886.
Peak 2 is higher than peak 1.
Sharks are also known to dive to the 1.113 on occasion.
This market is tough to trade right now and seems to be in "wait" mode today.
No recommendation.
“The stock market is a device to transfer money from the impatient to the patient.”
Warren Buffett
GOOG is below the .618 of the trend up from the Covid low, and above the .786.
The 4th leg seems to have paused at the .886.
Peak 2 is higher than peak 1.
Sharks are also known to dive to the 1.113 on occasion.
This market is tough to trade right now and seems to be in "wait" mode today.
No recommendation.
“The stock market is a device to transfer money from the impatient to the patient.”
Warren Buffett
GOOG is below the .618 of the trend up from the Covid low, and above the .786.
You can calculate targets for a cup using the depth of the cup. The low is 85.57 and the high is 102.59. I use the .382, .618 and the .786. If price goes higher I use the 1 fib level and the 1.272, 1.618