Google Wave Analysis – 27 October, 2022

• Google broke key support level 95.00

• Likely to fall to support level 90.00

Google recently broke the key support level 95.00 (which is the lower boundary of the sideways price range inside which the price has been moving from September).

The breakout of the support level 95.00 accelerated the active short-term impulse wave 1 of the intermediate impulse wave (3) from the end of October.

Given the persistent multi-month downtrend, Google can be expected to fall further toward the next round support level 90.00.