Google (ticker GOOG) has been tracking a bearish ending diagonal within an A-B-C correction that should resolve with a swift move to the downside. Price has made a recovery high that looks incomplete BUT the level is interesting as w. C circle = .618 w.A circle. A decline below 556.52 before any further recovery high would, at a minimum, confirm that rally from w.B circle was complete.
At the larger cycle degree, the wave interpretation would imply an eventual decline to below w.a.
Best of Trading
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