We're coming to a major reversal zone on 
GOOG, we've had a great run but the overextended NASDAQ looks to be cooling off, and this is a great place for a short entry or exiting a long on $GOOG/$GOOGL.
The R1 zone at $1209 pegs the October 2nd/3rd resistance level. There's likely to be strong selling pressure here (if we ever make it that far). A great entry point would be a sell order just below this level, if we get a small leg up it will quickly sell off and skilled traders will likely peg the top of this move.
The move down has two price targets, first, at the start of this move at $1147, and second, just below P at $1085. We're likely to tag the first target and depending on the velocity of the move the second as well.
Goog longs should understand that this is a significant resistance area, and likely to be met with a swift sell off. Cheers trading.
GOOG, we've had a great run but the overextended NASDAQ looks to be cooling off, and this is a great place for a short entry or exiting a long on $GOOG/$GOOGL.The R1 zone at $1209 pegs the October 2nd/3rd resistance level. There's likely to be strong selling pressure here (if we ever make it that far). A great entry point would be a sell order just below this level, if we get a small leg up it will quickly sell off and skilled traders will likely peg the top of this move.
The move down has two price targets, first, at the start of this move at $1147, and second, just below P at $1085. We're likely to tag the first target and depending on the velocity of the move the second as well.
Goog longs should understand that this is a significant resistance area, and likely to be met with a swift sell off. Cheers trading.
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이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.