Categories: Technical analysis

Google Wave Analysis – 09 December, 2019

  • Google broke resistance level 1330.00
  • Likely to rise to 1400.00

Google recently broke above the pivotal resistance level 1330.00 – which stopped the previous correction (b) in the middle for November.

The breakout of the resistance level 1330.00 should accelerate the active multi-month upward impulse sequence (3) from the start of January.

Google is expected to rise further toward the next resistance level 1400.00 (target price for the completion of the active impulse wave 3).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: GOOG

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