themarketzone

Is it the top of $GOOG? Daily reversal scenario

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NASDAQ:GOOG   #NASDAQ:GOOG-description du symbole
$GOOG big announcement on re-organization caused a huge gap in the stock, right where its previous top was, near 680$.
That gap created two bearish patterns:
1. Daily double top.
2. Hourly bearish Bat pattern.

Regarding pattern 1, we still have to see how the day ends. A pinbar will be great for the potential bearish daily reversal.
For the second pattern - 650$ and 630$ are my target levels for this setup
Stop loss can go above previous high

See a video discussing this pattern - goo.gl/xNmmAS

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