Aug. 31 at 2:47 AM
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$GOOGL — The Bigger Downside Setup Is Still Intact
The current recovery looks corrective and is still expected to complete wave ((B)) before the larger decline resumes.
Once this bounce runs its course, we expect wave Y from the 384.57 high to take control again and pressure price lower.
As long as
$GOOGL remains below 384.57, the bearish path stays favored, with a break below 305.50 still on the radar before we start considering a stronger buying setup.
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