GOOGL Corrective Bounce May Precede Another Leg Lower
Alphabet shares are forming a corrective bounce within an Elliott Wave pattern, with analysts suggesting potential for further declines after completion of wave (C) near $312.
GOOGL
Alphabet Inc. (GOOGL) has been tracing a corrective Elliott Wave structure. The stock completed wave (C) of wave (W) near the 312 level and has since bounced higher, but the move appears corrective.
Analysts view this bounce as part of a broader wave count that could resolve in another downward leg. A detailed breakdown of the pattern and price projections is provided in the accompanying video analysis.
Source: FXStreet Forex News