GOOGLE $GOOG - Feb. 26th, 2024

GOOGLE GOOG - Feb. 26th, 2024

BUY/LONG ZONE (GREEN): $144.50 - $154.80
DO NOT TRADE/DNT ZONE (WHITE): $139.60 - $144.50
SELL/SHORT ZONE (RED): $131.15 - $139.60

Weekly: Bullish
Daily: DNT
4H: Bearish

The zone around $140 has been supported to the bullish side three times since Jan. 17th, 2024. Currently price is back at the zone after creating bearish structure on the 4h timeframe with strong downside momentum. Price has respected the level at $146.10 to the bearish side and broke below the $144.50 on the daily timeframe which is the start of the DNT zone and the potential start of entry into the bearish zone.

Bulls can look for rejections up from the $140 area or breaks above the $144 level/structure (daily timeframe). Bears can look for continuation below the $140 area or a pullback and rejection of the $144 level (daily timeframe).

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

Transaction en cours:

The area to short has been active for a handful of days now, and price has moved from the start of the bearish zone to over halfway towards the bottom of it.

Trade fermée: cible de profit atteinte:

GOOG price nearly reached the bottom of the bearish zone before creating a strong reversal up to the DNT zone. If this were still an active short it should have been closed around the 137.40 level as price started to pull up. Over the last two weeks price moved through the bullish zone and today we see the bullish target area being reached.