Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

๐Ÿ—’ GOOGL has been overall bearish from a medium-term perspective trading inside our red channel. However, it is currently approaching the lower blue trendline acting as a non-horizontal support.

Moreover, the zone 70.0 - 77.0 is a strong support and demand zone .

๐Ÿ“Œ So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green demand zone , lower trendline in blue acting as support, and lower trendline in red acting as an oversold area. What I call a TRIO retest!

๐Ÿ“‰ As per my trading style:
As GOOGL approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
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