Google (GOOGL) : Elliott wave structure looking for $1250

Google is still within a powerful wave ((III) and in the process of ending a super cycle degree in the next few years. We believe the cycle which started at 2009 low will end sometimes between 2020-2022. By that time, Google would have reached the minimum target of $1250. It can extend even higher, and we do not see any reason yet to sell.

In contrary, the stock provided us a nice long opportunity earlier this year. We believe the stock will make a new all time high, which consequently makes it a buy in 3-7-11 waves back. The following chart provides an illustration of our view and the video also explains The One Market Concept and how Google should still trade higher within wave ((III)).

As can be seen in the chart above, we are labelling the rally from all-time low as an impulse Elliott Wave Structure. The stock is proposed to be in super cycle degree wave ((III)). The rally to $1179.86 on January 2018 high ended Cycle Degree wave III of ((III)), and the pullback to $980.64 on March 2018 low ended Cycle Degree wave IV of ((III)). While pullback stays above $980.64, expect Google to extend higher to $1250.97 – $1322.02 to end Cycle Degree wave V of ((III)). Then the stock should pullback in Super Cycle degree wave ((IV)) to correct cycle from 2009 low before the rally resumes. We don’t like selling the stock.

ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 50 instruments including FX majors, Gold, Silver, Copper, Oil, Natural Gas, Soybeans, Sugar ,Corn TNX and a number of Equity Indices from around the World. Our clients also have immediate... More

Disclainer: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be sued and/or charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.