Google still going up in wave but hit 1.618 extension

GOOGL Wave III continues, price looks exhausted but just won’t stop rewarding investors. It may trap late trend-chasing investors, causing them to capitulate lower.

Wave (5) of III is likely to complete with a throw-over of the upper channel boundary. Wave IV now has an expected retracement target of the 0.236 and daily pivot, $269. The gap remains unfilled.

📈 Daily RSI has printed a bearish divergence from overbought for weeks.

👉 Continued upside has a target of the R3 pivot

Safe trading