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Alphabet Inc., Elliott Wave Technical Analysis

Alphabet Inc., (Nasdaq: GOOGL): 4h Chart 12 January 2024

GOOGL Stock Market Analysis: We moved higher exactly as predicted, we are now pulling back as expected, as we could be entering wave {ii} of 3 to then enter higher territories. The main concerns comes from the fact we are still trading below Medium Level 150$.  

GOOGL Elliott Wave Count: Wave {ii} of 3.  

GOOGL Technical Indicators: Above all averages.  

GOOGL Trading Strategy: Looking for longs after a break of (b).

TradingLounge Analyst: Alessio Barretta

Alphabet Inc., GOOGL: 1-hour Chart 12 January 2024

Alphabet Inc., Elliott Wave Technical Analysis GOOGL Stock Market Analysis: Looking for continuation lower as we need to complete wave (c) of {ii}, only after a break to the upside of wave (b) we can start entering longs.

GOOGL Elliott Wave count:  Wave (b) of {ii}

GOOGL Technical Indicators: Above all averages.

GOOGL Trading Strategy: Looking for longs after a break of (b).

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