GOOGL - Elliott Wave Final Showdown

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GOOGL has dropped over 27.28%, reaching a minor profit-booking zone. The $150 level serves as a key demand zone, where a potential price reversal could occur. The formation is either expanded flat or a running flat on the daily timeframe chart.

Confirmation is best observed near the lower trendline of the parallel channel. If bearish momentum persists, prices may decline further to the $142-$140 range before a strong rebound. Once the correction ends, the upside targets are $168, $180, and $195.

A new low will form if the previous low is breached. Further research will be uploaded soon.

Penafian

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