Google Wave Analysis 24 August 2023

– Google reversed from resistance level 133.00

– Likely to fall to support level 127.90

Google today reversed down from the strong resistance level 133.00 (which stopped the previous impulse wave 1 at the end of July) intersecting with the upper daily Bollinger Band.

The downward reversal from the resistance level 133.stopped the earlier short-term impulse wave 3 of the intermediate impulse wave (5) from July.

Given the strength of the resistance level 133.00, Google can be expected to fall further toward the next support level 127.90 (which reversed earlier waves a and 2).