Alphabet Inc. (GOOGL) – Elliott Wave Analysis (Daily Chart)

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Minor wave 3
• Direction: Upside within wave {iii} of 3
• Details: Anticipating further upside, potentially breaking all-time highs (ATHs) around the $200 level with increased volume. An alternative count suggests wave {v} of 5, which may encounter major resistance between $220 and $230.

Alphabet Inc. (GOOGL) – Elliott Wave Analysis (1-Hour Chart)

• Function: Trend
• Mode: Impulsive
• Structure: Motive
• Position: Wave (iii) of {iii}
• Direction: Upside into wave (iii)
• Details: A bottom in wave (ii) is likely in place after a clear three-wave corrective move following a five-wave advance in wave (i). This sets the stage for a strong bullish move as wave (iii) unfolds.

Technical Analyst : Alessio Barretta

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