GOOGCL trade ideas
Bat level 2 Yes it has to match the bat pattern
entry @1182.55
sl 11.68.75
target:1198.55
time frame 20 sessions
Google Bear Phase AnalysisGoogle had a good bull run last year, making all-time high each & every day, but due to global cues in Jan end, it crashed 16% from the recent high in just 10 sessions, which lead to creating a supply zone at the top. It tried 4 times in the past 5 months to clear the supply zones but due to high supply presence, it failed 3 times, recently due to earnings euphoria it cleared the supply zone indicating to fresh the bull run.
Thanks to its great results which made it break the ascending channel.
It may consolidate till the demand zone (as per Fibonacci Retracement) & resume its bull run.
Alphabet-double top formation ,reversal below 1110 HnS pattern Alphabet-double top formation ,reversal below 1110 HnS pattern .it may come to 1148 to 1154 where short trader can take entry on base of hourly candle
rest can take entry on break of 1110$
long from here!!googlis still in uptrend..
you may go long with a strict stop loss of 992..
comment your view..
For more query comment below..
i ll happy to see your view, comment and feedback
And follow for such more analysis ....
