Alphabet (GOOGL): Perfect wave reaction. This is our plan

٢٥ نوفمبر ٢٠٢٤

What can we say except—just take a look at this. Alphabet (GOOGL) has followed our analysis perfectly over the last two months, reacting strongly to the targeted area for wave B and selling off immediately after reaching the exact 78.6% Fibonacci retracement.

Fundamentally, pressure is mounting on Alphabet. Last Wednesday, U.S. prosecutors presented a case to the Department of Justice arguing that Google must sell its Chrome browser, share data and search results with rivals, and potentially sell Android to dismantle its monopoly on online search. This landmark case could reshape how users find information, creating uncertainty around Alphabet’s future operational structure.

From a technical perspective, we still anticipate more downside for GOOGL. The level of $137.8 now appears even more significant. It aligns with the Fibonacci retracement of wave (2), the Point of Control (POC), and the wave C target—an extremely strong confluence zone. This makes $137.8 a likely magnet and a strong candidate for support, offering a potentially lucrative long setup if the price reaches this level.

We are monitoring closely to see how GOOGL performs in the coming weeks and how these levels react to ongoing market conditions and DOJ pressures.