Categories: Technical analysis

Google Wave Analysis – 9 September, 2020

• Google broke daily up channel

• Likely to fall to 1500.00

Google today broke the support trendline of the sharp daily up channel from the end of June (as can be seen from the daily Google chart below).

The breakout of this daily up channel accelerated the current short-term corrective wave (ii) from the start of September.

Google is likely to fall further toward the next support level 1500.00 (target price for the termination of the active corrective wave (ii)).

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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