Fibonacci Retracement GOOGL | Nirvana Systems Inc.

October 23 2017

Happy Monday Everybody!  Today we have one of the FANG (Facebook, Apple, Netflix,Google) that has set up a fantastic trading opportunity.  Alphabet Inc. (GOOGL) has formed a very nice trading range 920-1010 over the last 6 months.  Over the last few trading sessions we have seen GOOGL pull back after testing resistance and start moving back towards the 50% retracement (currently 25%).  Although right now isn't the perfect time to jump on board we have a few key levels to watch for which could pay off BIG!  Your first key zone will be around $960 which you will start to see some push and tug.  Watch for a potential pull back fake which could provide a timely entry. 

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