I see a pattern repeating in GOOGL US that tells me we should expect the share price to fall towards $1,000 and lower as long as price is below $1,210. Now traded at $1,146, a weekly close below $1,123 will increase the chances of success of this bearish scenario. The stochastic is downward sloping, MACD is crossing down and price is moving below my two MAs telling me a sell signal is coming.
The recent highs have been giving bearish divergence signs in the RSI and I believe we will see at least a similar decline to that of the last couple of months of 2018 if not something bigger. If I was short I would not want a weekly close above $1,210. If I was long I would not want to see a weekly close below $1,1120.
Thank you for taking the time to catch up on my thinking.