Google (GOOGL) Elliott Wave Cycle Near Completion, Larger 3-Wave Pullback Ahead
Google (GOOGL) has continued to achieve new all‑time highs since establishing a key low on March 31. The advance from that point is unfolding as a five‑wave impulse under Elliott Wave principles. From the March 31 low, wave (1) concluded at $342.32, followed by a corrective wave (2) that ended at $331.10. The stock then accelerated in wave (3), which subdivided into a smaller impulse, confirming the bullish momentum.
Within wave (3), the internal sequence began with wave 1 ending at $353.18. A brief dip in wave 2 followed, reaching $344.21. The rally then extended in wave 3 toward $378.79, before a modest retracement in wave 4 that settled at $365.82. The final push in wave 5 carried prices to $391.39, completing wave (3) at the higher degree. A corrective phase in wave (4) then unfolded, ending at $379.05.
The market is now advancing toward the completion of wave (5). This final leg should conclude the cycle that began on March 31. Once complete, a larger three‑wave correction is expected, allowing the stock to consolidate gains before resuming its broader uptrend. In the near term, as long as price remains above $331.10, Google retains scope for additional strength.
Google (GOOGL) 60-Minute Elliott Wave Chart
GOOGL (Google) Elliott Wave Chart
Google (GOOGL) Elliott Wave Video:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
