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– Google under bearish pressure
– Likely to fall to support level 175.00
Google is under bearish pressure after the earlier breakout of the support zone between the key support level 182.20 (former monthly high from November), the support trendline of the daily up channel from September and the 38.2% Fibonacci correction of the upward impulse from September.
The breakout of this support zone accelerated the active corrective wave 4 of the intermediate impulse wave (C) from September.
Google can be expected to fall to the next support level 175.00 (lower border of the upward gap from December).
Source: https://fxpro.news
