Mark-Down Stage Likely to Continue for Alphabet Inc

Short

Alphabet Inc (Google) (NASDAQ:GOOGL)

NASDAQ:GOOGL Alphabet Inc (Google)

chartpattern vsa volumespreadanalysis wyckoff priceaction

The distribution stage started on early of September 2018 with a Sell-Off signal after several Up-thrust bars. Based on the daily chart, Alphabet Inc is likely to re-test support level. Notice the latest re-distribution stage, the price is rejected again at resistance and previous Sell-Off bar on 10 October 2018.

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