Chart: 1h | Symbol: GOOGL (NASDAQ)
Target: $188.00
Alphabet (GOOGLE) is forming a textbook double bottom pattern near support, with price action now testing the neckline – a bullish reversal could be imminent!
What We’re Seeing:
⚡ Double bottom formed around $160.18, showing strong support
⚡ Neckline resistance at $164.50 being tested with increasing momentum
⚡ Volume rising on the second bounce – breakout potential growing
⚡ Target Zone: $188.00 – based on pattern height projection
Next Move:
We need a confirmed breakout above the neckline at $164.50 with solid volume to go long. If it clears, expect a quick push toward the target as buyers step in!
TRADE PLAN:
🔔 Entry: Confirmed breakout above $164.50
🎯 Target: $188.00
🛡 Stop Loss: Below $160.00 (just under the double bottom for risk control)
Final Note:
GOOGLE is gearing up for a potential bullish reversal with this double bottom setup. Stay patient, wait for the breakout confirmation, and be ready for a strong move if volume aligns!
Target: $188.00
Alphabet (GOOGLE) is forming a textbook double bottom pattern near support, with price action now testing the neckline – a bullish reversal could be imminent!
What We’re Seeing:
⚡ Double bottom formed around $160.18, showing strong support
⚡ Neckline resistance at $164.50 being tested with increasing momentum
⚡ Volume rising on the second bounce – breakout potential growing
⚡ Target Zone: $188.00 – based on pattern height projection
Next Move:
We need a confirmed breakout above the neckline at $164.50 with solid volume to go long. If it clears, expect a quick push toward the target as buyers step in!
TRADE PLAN:
🔔 Entry: Confirmed breakout above $164.50
🎯 Target: $188.00
🛡 Stop Loss: Below $160.00 (just under the double bottom for risk control)
Final Note:
GOOGLE is gearing up for a potential bullish reversal with this double bottom setup. Stay patient, wait for the breakout confirmation, and be ready for a strong move if volume aligns!
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
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.