$GOOG TOP 20
Added 2023-10-29 19:49:38 +0000 UTCTough week for $GOOG, even with the double beat impressively from their report, the market got fixated on their Cloud margins and dropped this heavily.....but we know better here, this pull back was well overdue and has fitted perfectly into our Wave 4 projection .
We can also see that the 0.38 Fib has not been touched yet which is the typical level for a Wave 4 pull back and above the 200 Day MA.
So what we see is a perfect Wave 4 pull back here and for this to move up Wave 5 next.
Only a break below the 200 Day MA would change my opinion here.
I do not project any other outcome here because this chart is not bearish, we will see this on the $MSFT chart too.
