GOOGL: Triangle Breakout, Set-Up Confirmation, Target Zone.Alphabet Inc.BATS:GOOGLVincePrinceHello There, welcome to my new analysis about GOOGL. Recently I spotted an important pattern and setup. As the new year started, new patterns within the prices are unfolding. Therefore, it is interesting to watch which titles in the market are likely to yield appropriate returns and complete crucial trading setups. Looking at the 2-hour timeframe, the key setup of GOOGL caught my attention. When looking at my chart, there is this major triangle formation that offers a substantial price range in which GOOGL is building up the whole time. Within this zone, the price action found several supports. One of them being the lower boundary of the massive triangle formation. Another being the uptrend line. Within these zones, GOOGL already bounced several times. What are also important indicators are the 50-EMA and the 20-EMA. As marked in blue and green in my chart, these EMAs are substantial supports off which GOOGL has already bounced several times. Above these main supports, GOOGL is now continuing to form a crucial next formation. This formation is actually a bull-flag formation completing above the upper boundary of the zones. Also, the volume profile seen on the right of my chart, measuring volume by price, offers a fundamental support. With the price action bouncing further from these levels, a continuation of the local trend is likely. Especially when the bull flag confirms the next, this will offer a central setup on the long side as it is marked. A breakout above the upper boundary of the bull flag will determine a conservative entry. With this being said, it is great to consider the important trades upcoming. We will watch out for the main market evolutions. Thank you very much for watching!