Do not invest or trade capital you cannot afford to lose. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. Alphabet (GOOGL) 30 Minutes Elliott Wave ChartįURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY Near term, as far as pivot at 102.93 high stays intact, expect the stock to extend lower. Wave (2) rally ended at 99.25 as an expanded flat. Wave 5 lower ended at 97.01 which completed wave (1). Stock resumes lower in wave 3 towards 97.80, and rally in wave 4 ended at 99.27. Down from wave ((4)), wave 1 ended at 100.84, and rally in wave 2 ended at 102.67. The stock still needs to break below the previous low at 95.12 to rule out a double correction. Wave ((5)) lower is in progress as a 5 waves impulse in lesser degree.
This completed wave ((4)) as the 30 minutes chart below shows. Internal of wave ((4)) unfolded as an expanded flat Elliott Wave structure. Stock resumed lower in wave ((3)) towards 95.56 and rally in wave ((4)) ended at 102.93.
Down from peak, wave ((1)) ended at 105.78 and rally in wave ((2)) ended at 111.62. Short term Elliott Wave view on Alphabet (ticker: GOOGL) suggests the decline from peak is unfolding as a 5 waves impulse structure.
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