This pattern is considered a bearish pattern but wildly bullish while within the pattern because of the incline. Eventually, this pattern will break but we could see a spike before that happens. Most broadening patterns end at #6 with a big bounce and abrupt crash. My count may be off and perhaps we haven't even reached a #5 yet. That would indicate more strength ahead but the overall picture of this is... massive correction likely over the next few years. Red arrow is my 80% likely forecast but does green arrow play out first? I think it could..but again, this pattern usually doesn't end well once complete!
Nota
pink lines show a diamond top looking pattern and price broke above it.. it's either a clever fakeout or it's about to move up strong.. but I'm not bullish on Google from here. We're at all-time highs with historically low volume... it's a recipe for the perfect crash. Nota
volume dried up Nota
anything could happen... careful Nota
let me rephrase what I said back on Feb 14.. YES, it did happen. Look at my purple fractal
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.