GOOGL update 3/29/2015: can we get 5 waves up?

So far GOOGL (and GOOG) have made 3 waves up, and if all goes according to plan the 4th wave (intermediate iv of major 1 of Primary V) should bottom soon. At around the 38.2% retrace of the entire length of intermediate iii, or 38.2% of the move since the Primary IV low. Those are at about $541 and $548. Price can’t go much lower or it will overlap with intermediate i; invalidating the bullish count; or setting up a leading diagonal. However, for now, using the bullish count and assuming a v=i relationship, major 1 should ideally top in the low $600 area.

GOOGL update 3292015


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