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GOOGL price kept making higher highs and higher lows which is certainly BULLISH.
But at the same time December just printed a weak monthly close as price was unable to close above previous all time high. Last time price made a new all time high back in January 2024 and was unable to close above, price retraced -14% before further upside.... If we get the same percentage retrace now, that will put us at an entry of around low $170's which has confluence with the 50 fibonacci retrace from the latest swing and December monthly lows. It doesn't get better than this.
MACRO REMAINS BULLISH
GOOGL price kept making higher highs and higher lows which is certainly BULLISH. But at the same time December just printed a weak monthly close as price was unable to close above previous all time high. Last time price made a new all time high back in January 2024 and was unable to close above, price retraced -14% before further upside.... If we get the same percentage retrace now, that will put us at an entry of around low $170's which has confluence with the 50 fibonacci retrace from the latest swing and December monthly lows. It doesn't get better than this.
MACRO REMAINS BULLISH
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.