Alphabet has reached the 2.618 Fibonacci extension of the entire macro impulsive structure, marking a potential completion of Wave (5) on the monthly timeframe. Price extended aggressively from the Wave (4) low and is now interacting with a historically significant Fibonacci exhaustion zone.
RSI also shows signs of potential macro divergence in daiy timeframe.
RSI also shows signs of potential macro divergence in daiy timeframe.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.