GOOG GOOGL will break the all time highs, retest it and move up

30 Agu 2020

Google is forming a triangle and is consolidating right now which results in a lower volatility and this will result in a breakout until the 161,8% fib level which lines up with the trend line aswell. The 1h chart is backed up by strong trend on the weekly chart. Keep in mind that the break of the new high could result in a retest first before the continuation to the trendline + fib level.