Alright, So we have on the left the D timeframe and on the right the 1h TF of Google.
The Last 5 days (L-week) we've been watching a fight between the Bulls and Bears at Resistance line of 1189 levels.
if we zoom out to D time frame we see the price back down after making highs hight of all time, and it's normal movement for any stock after making highs hight. Now, on the same time frame the price moving up and down in a flat way (sideways). for sure the Stochastic indicator will give a Buy sign because the price moving oversold after he breaks down the support line of his channel.
So, what it need?:
I expect the price will break the $1189 levels in 2 conditions,
1) More Liquidity come to the market
2) Good News comes up
Because if we Zoom In to 1h timeframe we can see how many time the price tried to break this level and failed.
The Last 5 days (L-week) we've been watching a fight between the Bulls and Bears at Resistance line of 1189 levels.
if we zoom out to D time frame we see the price back down after making highs hight of all time, and it's normal movement for any stock after making highs hight. Now, on the same time frame the price moving up and down in a flat way (sideways). for sure the Stochastic indicator will give a Buy sign because the price moving oversold after he breaks down the support line of his channel.
So, what it need?:
I expect the price will break the $1189 levels in 2 conditions,
1) More Liquidity come to the market
2) Good News comes up
Because if we Zoom In to 1h timeframe we can see how many time the price tried to break this level and failed.
