Google Wave Analysis 5 March, 2021

March 05, 2021 at 03:39PM

• Google reversed from combined support area

• Likely to rise to resistance 2150.00

Google recently reversed up from the combined support area located between the support level 2020.0 (which has been revising the price from the end of February) and the upper trendline of the daily up channel from November.

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This support area was further strengthened by the 38.2 % Fibonacci correction of the upward impulse from January.

Google is likely to rise further toward the next resistance 2150.00 (which stopped the previous impulse wave 1 last month).

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/google-wave-analysis-5-march-2021-20210305/
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