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Sunday, January 09, 2022 6:54:38 PM
By: Carolyn Boroden | January 7, 2022
We had a very simple symmetry resistance decision in GOOGL on the daily chart in late December. The setup was a symmetrical projection of the prior rally swing of $179 versus the $180.46 rally made into the 12/27 high, along with a .786 retracement of another swing at the 2965.42-2969.49 area.
The zone was respected, and then sell triggers fired off, and so far we've seen a $251.55 decline.
Our next decision in GOOGL is the current support we are testing with timing for a possible low!! I'm waiting for my buy triggers!! I would be trailing down stops on any shorts at this point.
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