Google has been trading inside Huge longterm Uptrend channel however this is all based on monthly candles so WAIT FOR MONTHLY CANDLE CLOSE!!
this is a long term analysis & smaller timeframe moves won't affect it, we have been in an uptrend since 2012 after breaking out of multiyear ascending triangle, now we are looking at a possible Double top on monthly chart also a Bearish Shooting star candle close
Double Top :-
If we does create a double top & have bearish candle close then I expect a deep correction at least to 0.618 Fib level mentioned on the chart (Orange box)
we surely will have a bounce from there either to continue upside or reject down to much lower towards the Green Box.
As I said in beginning this is a Multiyear trading idea so this should only concern to SWING TRADER & INVESTORS!
Will keep updating timeline as we have more PA.
this is a long term analysis & smaller timeframe moves won't affect it, we have been in an uptrend since 2012 after breaking out of multiyear ascending triangle, now we are looking at a possible Double top on monthly chart also a Bearish Shooting star candle close
Double Top :-
If we does create a double top & have bearish candle close then I expect a deep correction at least to 0.618 Fib level mentioned on the chart (Orange box)
we surely will have a bounce from there either to continue upside or reject down to much lower towards the Green Box.
As I said in beginning this is a Multiyear trading idea so this should only concern to SWING TRADER & INVESTORS!
Will keep updating timeline as we have more PA.
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