Alphabet has reached the 2.618 Fibonacci extension of the entire macro impulsive structure, marking a potential completion of Wave (5) on the monthly timeframe. Price extended aggressively from the Wave (4) low and is now interacting with a historically significant Fibonacci exhaustion zone.
RSI also shows signs of potential macro divergence in daiy timeframe.
RSI also shows signs of potential macro divergence in daiy timeframe.
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