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GOOGL price kept making higher highs and higher lows which is certainly BULLISH.
But at the same time December just printed a weak monthly close as price was unable to close above previous all time high. Last time price made a new all time high back in January 2024 and was unable to close above, price retraced -14% before further upside.... If we get the same percentage retrace now, that will put us at an entry of around low $170's which has confluence with the 50 fibonacci retrace from the latest swing and December monthly lows. It doesn't get better than this.
MACRO REMAINS BULLISH
GOOGL price kept making higher highs and higher lows which is certainly BULLISH. But at the same time December just printed a weak monthly close as price was unable to close above previous all time high. Last time price made a new all time high back in January 2024 and was unable to close above, price retraced -14% before further upside.... If we get the same percentage retrace now, that will put us at an entry of around low $170's which has confluence with the 50 fibonacci retrace from the latest swing and December monthly lows. It doesn't get better than this.
MACRO REMAINS BULLISH
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