GOOGL trend line break unconfirmed; wait for deeper sell-off to ~$300 support to buy.

First up, guys, looking at Google. Now, as you may say, like Drew, you just said, these stocks move a lot. Well, Google can move a lot.

As we've seen here, price action at this low of March of this year was right around 272, and we pushed up and made a high of 40861 before coming back in on the charts.

Now, I've got the time frame uh zoomed back out for you on the daily time frame looking at this inclining parallel channel that has mainly been containing price. You can see here when the outline, the lower range of this parallel channel has not been hit for a while.

And we see here with this inclining trend line taken back from the pivot low in June of 25 connected with this pivot low of March of 26. Notice how we hit it once, twice, three times, and then now on the fourth and fifth subsequent hits, we are now breaking this trend line.

So, where is Google going with a potential breakout breakdown at hand right now? So we pull up the chart here on Google as I've already illustrated by simply drawing a parallel channel and one inclining trend line connecting pivot lows.

We see now Google is on the verge of a breakdown.

Now we haven't got any confirming breakdown that would be required with an extended daily move lower than today's candle after today. So you need to see a little bit further selling pressure that can increase probabilities of price remaining underneath this trend line.

This was support when price came from above and now when price if we can have another sell day this trend line will then become resistance.

All right. So again where do we find the next level that Google may go? Well, I grab my Fibonacci retracement tools. This is one of the easiest tools that you can use in your chart.

All you have to do is find a low pivot and I did right here on this March 30th pivot. Draw my first Fibonacci sequence pivot point there. Then go up to the most recent pivot top high.

We clearly see right here when price fell in July, it pierced the 618 fib retrace and bounced up.

Now, on this next attempt, there could be some minor support here. This area could produce the bounce to retest the bottom of the trend line, but I'm not interested in that little gain right here, potentially about $12 or so on um on this chart of Google. I'm looking for a bigger gain.

And so I actually have my eyes focused more on this 786 fib retrace. Notice how that's at $31. the psychological whole round number of 300 likely will be a spot that will be supported if we didn't have this Fibonacci sequence retracement illustrating that this could be a good support level.

In addition, we've got the bottom of the parallel uh channel coming in contact with this fib level and October 21st.

So, if we see a potential bounce near term, retest that trend line, then further selling, that's going to be a great spot to pick up some Google.

Also, look back on the chart. Notice all this consolidation and low pivots right in this range illustrating that this area is a very high probability area for a bounce should we have selling come down into this area within the next month or so by October 21st.

Those are breakout retraces, how to play them, uh what they're going to be looking for as far as buy levels and a potential continuation with that momentum. All right, guys. Thanks so much for tuning in and watching today with Pro Charts breaking down these uh uh four charts with TA breakout scenarios, breakdown scenarios at hand with potential buy levels on Google coming up as well as AVGO.