GOOG approaching critical support price of 538

1 thg 4, 2015

GOOG is finishing a ABCD pattern that had a retracement move that failed to put in a new high. This was a significant fail and GOOG has sold off through all major Fib support levels and is now approaching the .786. If GOOG holds this level it could begin another ABCD upward pattern. A fail below the 786 would signal a short opportunity to 528, another 10.00 move lower.Based on today's move lower, I'd be leaning toward GOOG breaking below the 786 and heading to 525 which is the 1.27% of the BC move.