Feb. 14 at 5:20 AM
$GOOGL is in a clear short-term downtrend across the 15m, 1h, and 3h charts, with price breaking structure lower from the supply zone near 345–350 and now pressing into the 300–305 demand area.
Elliott Wave structure suggests a completed five-wave move down on the lower timeframes, which means a bounce is possible, but the higher timeframe still looks like a larger corrective leg that isn’t fully proven finished.
RSI on all timeframes is weak and sitting in lower ranges, showing momentum is still bearish, though slightly oversold short term.
As long as price stays below the 320–330 equilibrium/supply area, rallies likely get sold; only a strong reclaim above that zone would shift bias back toward bullish continuation.
