Google has moved down from January 2022 top made at 151.55 in 5 wave impulse. It could be either wave 1 or A and now seem to have completed wave 2 or B. Either way, stock is starting wave 3/C down which could go to 82 or lower levels as per wave equality. From wave 2/B top, stock has moved down in 5 waves visible on daily chart.
Having said that, wave 2/B retracement is around 38.2% which is sufficient but a retracement over 50% (ideally at 61.8%) gives more confidence. A break below the recent swing low around 104 should give further confirmation that we’re in wave 3/C down.
